Bank of New York Mellon Corp Decreases Stake in DTE Energy Company $DTE

Key Points

• Bank of New York Mellon trimmed its DTE Energy stake by 2.7% in the fourth quarter, selling 34,969 shares and ending with 1,243,926 shares valued at about $160.4 million.
• DTE Energy reported quarterly EPS of $1.95, slightly below estimates, but revenue came in above expectations at $5.14 billion. The company also guided FY 2026 EPS at 7.590 to 7.730.
• The utility announced a quarterly dividend of $1.165 per share, payable July 15, implying an annualized dividend of $4.66 and a yield of about 3.2%.

Bank of New York Mellon Corp reduced its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,243,926 shares of the utilities provider's stock after selling 34,969 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of DTE Energy worth $160,442,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Capital Innovations LLC purchased a new stake in shares of DTE Energy in the 4th quarter worth about $1,014,000. Calton & Associates Inc. boosted its position in shares of DTE Energy by 5.9% in the 4th quarter. Calton & Associates Inc. now owns 2,206 shares of the utilities provider's stock worth $284,000 after buying an additional 123 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of DTE Energy in the 4th quarter worth about $1,026,000. New Mexico Educational Retirement Board raised its stake in DTE Energy by 2.1% in the 4th quarter. New Mexico Educational Retirement Board now owns 9,596 shares of the utilities provider's stock valued at $1,238,000 after purchasing an additional 200 shares during the last quarter. Finally, Founders Financial Securities LLC raised its stake in DTE Energy by 3.5% in the 4th quarter. Founders Financial Securities LLC now owns 8,410 shares of the utilities provider's stock valued at $1,085,000 after purchasing an additional 287 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Trading Up 2.1%

NYSE DTE opened at $145.80 on Friday. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $154.63. The company has a 50-day moving average of $145.17 and a 200-day moving average of $139.98. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market cap of $30.33 billion, a P/E ratio of 24.02, a P/E/G ratio of 3.18 and a beta of 0.39.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the company earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts predict that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy's dividend payout ratio is currently 76.77%.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the company's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares of the company's stock, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DTE has been the subject of several analyst reports. Morgan Stanley set a $146.00 target price on shares of DTE Energy in a research note on Thursday, May 21st. BMO Capital Markets cut their target price on shares of DTE Energy from $157.00 to $148.00 and set a "market perform" rating for the company in a research note on Thursday, March 26th. Bank of America reissued a "buy" rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Sunday, May 3rd. Finally, Mizuho set a $165.00 target price on shares of DTE Energy in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and a consensus price target of $156.25.

DTE Energy 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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