Aventail Capital Group LP Sells 76,032 Shares of DTE Energy Company $DTE

Key Points

• Aventail Capital sold 76,032 DTE shares (a 24.6% reduction) in Q3, leaving it with 232,897 shares worth about $32.94 million and making DTE 1.5% of Aventail’s portfolio (its 21st largest holding).
• Several large institutions — including Vanguard, Raymond James, Ameriprise, Capital World Investors and JPMorgan — increased their DTE positions, and institutional investors now own about 76.06% of the company’s stock.
• DTE beat quarterly EPS estimates ($1.65 vs. $1.52), set FY2026 guidance of 7.590–7.730 EPS, announced a $1.165 quarterly dividend (a 3.1% yield), and holds a consensus analyst rating of “Moderate Buy” with a $151.31 target.

Aventail Capital Group LP decreased its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 24.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 232,897 shares of the utilities provider's stock after selling 76,032 shares during the period. DTE Energy accounts for 1.5% of Aventail Capital Group LP's investment portfolio, making the stock its 21st largest position. Aventail Capital Group LP owned about 0.11% of DTE Energy worth $32,939,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in DTE. Vanguard Group Inc. boosted its position in shares of DTE Energy by 4.2% in the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider's stock valued at $3,439,307,000 after acquiring an additional 1,042,589 shares during the period. Raymond James Financial Inc. lifted its stake in DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider's stock worth $134,474,000 after purchasing an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in DTE Energy by 12.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider's stock valued at $788,004,000 after purchasing an additional 602,602 shares during the period. Capital World Investors boosted its holdings in DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider's stock valued at $1,393,260,000 after purchasing an additional 552,346 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of DTE Energy by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,256,284 shares of the utilities provider's stock valued at $177,676,000 after purchasing an additional 226,647 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DTE. Wells Fargo & Company decreased their price target on shares of DTE Energy from $157.00 to $152.00 and set an "overweight" rating on the stock in a report on Tuesday, January 20th. Morgan Stanley restated an "overweight" rating and set a $153.00 target price on shares of DTE Energy in a research report on Friday, February 20th. UBS Group decreased their target price on DTE Energy from $155.00 to $151.00 and set a "buy" rating on the stock in a research note on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price target on DTE Energy from $151.00 to $145.00 and set a "neutral" rating on the stock in a report on Thursday, December 11th. Finally, Barclays dropped their price target on DTE Energy from $148.00 to $141.00 and set an "equal weight" rating for the company in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.31.

DTE Energy Stock Performance

NYSE DTE opened at $149.55 on Friday. DTE Energy Company has a 52-week low of $123.69 and a 52-week high of $154.63. The company has a fifty day moving average of $139.64 and a 200-day moving average of $137.19. The company has a market capitalization of $31.08 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.75 and a beta of 0.47. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the business posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 annualized dividend and a yield of 3.1%. DTE Energy's dividend payout ratio is currently 66.38%.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company's utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.

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