Legal & General Group Plc Sells 15,842 Shares of DTE Energy Company $DTE

Key Points

• Legal & General Group Plc reduced its DTE Energy stake by 1.1% in the fourth quarter, selling 15,842 shares and leaving it with 1,381,945 shares valued at about $178.2 million.
• DTE Energy reported Q1 earnings of $1.95 per share, missing analyst expectations, but revenue came in strong at $5.14 billion versus estimates of $4.37 billion. The company also reaffirmed FY 2026 guidance of 7.59 to 7.73 EPS.
• The company declared a quarterly dividend of $1.165 per share, payable July 15, implying a 3.2% annualized yield. Analysts currently rate the stock a Moderate Buy with an average target price of $156.25.

Legal & General Group Plc lowered its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,381,945 shares of the utilities provider's stock after selling 15,842 shares during the quarter. Legal & General Group Plc owned about 0.67% of DTE Energy worth $178,243,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Segment Wealth Management LLC boosted its position in DTE Energy by 4.6% during the fourth quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider's stock worth $225,000 after purchasing an additional 76 shares during the period. Keybank National Association OH boosted its position in DTE Energy by 1.8% during the third quarter. Keybank National Association OH now owns 4,606 shares of the utilities provider's stock worth $651,000 after purchasing an additional 81 shares during the period. Modern Wealth Management LLC boosted its position in DTE Energy by 0.6% during the third quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider's stock worth $1,900,000 after purchasing an additional 85 shares during the period. Oppenheimer & Co. Inc. boosted its position in DTE Energy by 4.6% during the third quarter. Oppenheimer & Co. Inc. now owns 1,960 shares of the utilities provider's stock worth $277,000 after purchasing an additional 86 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of DTE Energy by 1.1% during the fourth quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider's stock worth $1,000,000 after buying an additional 87 shares during the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Performance

DTE Energy stock opened at $145.22 on Thursday. 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 stock has a fifty day moving average price of $145.47 and a two-hundred day moving average price of $139.77. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $154.63. The firm has a market capitalization of $30.21 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.16 and a beta of 0.41.

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

DTE Energy Announces Dividend

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

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was 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 directly owned 6,233 shares in the company, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DTE shares. Truist Financial cut their price target on DTE Energy from $165.00 to $158.00 and set a "buy" rating for the company in a report on Monday, May 18th. Argus upgraded DTE Energy to a "strong-buy" rating in a report on Thursday, February 26th. Barclays cut their price target on DTE Energy from $156.00 to $154.00 and set an "equal weight" rating for the company in a report on Monday, May 4th. Bank of America reiterated a "buy" rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, Citigroup upped their price target on DTE Energy from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, DTE Energy currently has an average rating of "Moderate Buy" and an average target price of $156.25.

About DTE Energy

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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