Cwm LLC cut its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 38.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,077 shares of the utilities provider's stock after selling 13,816 shares during the period. Cwm LLC's holdings in DTE Energy were worth $2,847,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of DTE. Millennium Management LLC boosted its position in DTE Energy by 810.6% during the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider's stock valued at $117,895,000 after purchasing an additional 742,056 shares during the last quarter. Raymond James Financial Inc. boosted its position in DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider's stock valued at $134,474,000 after purchasing an additional 648,007 shares during the last quarter. Ameriprise Financial Inc. boosted its position in DTE Energy by 12.1% during the third 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 last quarter. Capital World Investors boosted its position in DTE Energy by 5.9% during the third 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 last quarter. Finally, National Bank of Canada FI boosted its position in DTE Energy by 226.8% during the third quarter. National Bank of Canada FI now owns 488,195 shares of the utilities provider's stock valued at $69,045,000 after purchasing an additional 338,824 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently commented on DTE shares. Mizuho increased their price target on DTE Energy from $144.00 to $155.00 and gave the company an "outperform" rating in a research report on Wednesday, February 18th. Wells Fargo & Company restated an "overweight" rating and issued a $160.00 price objective on shares of DTE Energy in a research note on Tuesday. Weiss Ratings restated a "buy (b-)" rating on shares of DTE Energy in a research note on Wednesday, January 21st. Jefferies Financial Group restated a "buy" rating and issued a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Finally, Bank of America restated a "buy" rating on shares of DTE Energy in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $155.23.
Read Our Latest Report on DTE Energy
DTE Energy Price Performance
NYSE:DTE opened at $147.50 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93. The stock's 50 day moving average price is $146.72 and its two-hundred day moving average price is $139.10. The firm has a market capitalization of $30.69 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.64 and a beta of 0.43. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.63.
DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.13. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same quarter in the prior year, the company earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current year.
DTE Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th were paid a dividend of $1.165 per share. The ex-dividend date was Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy's dividend payout ratio (DPR) is 66.38%.
More DTE Energy News
Here are the key news stories impacting DTE Energy this week:
DTE Energy Company Profile
(
Free Report)
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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