Pacer Advisors Inc. Has $3.17 Million Holdings in DTE Energy Company $DTE

Key Points

• Pacer Advisors Inc. boosted its stake in DTE Energy by 40.3% in the fourth quarter, ending with 24,563 shares valued at about $3.17 million.
• Analyst sentiment on DTE is generally positive, with an average rating of “Moderate Buy” and a consensus price target of $156.67, though a few firms have trimmed targets or kept neutral ratings.
• DTE Energy reported $1.95 EPS on revenue of $5.14 billion in its latest quarter, and it also announced a quarterly dividend of $1.165 per share for a 3.1% yield.

Pacer Advisors Inc. increased its position in shares of DTE Energy Company (NYSE:DTE - Free Report) by 40.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,563 shares of the utilities provider's stock after buying an additional 7,059 shares during the period. Pacer Advisors Inc.'s holdings in DTE Energy were worth $3,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DTE. Segment Wealth Management LLC grew its holdings in DTE Energy by 4.6% during the 4th quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider's stock worth $225,000 after acquiring an additional 76 shares during the period. HM Payson & Co. lifted its stake in shares of DTE Energy by 23.6% in the 4th quarter. HM Payson & Co. now owns 419 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 80 shares during the period. Modern Wealth Management LLC lifted its stake in shares of DTE Energy by 0.6% in the 3rd quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider's stock valued at $1,900,000 after purchasing an additional 85 shares during the period. Fifth Third Bancorp boosted its position in shares of DTE Energy by 1.1% during the 4th quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider's stock valued at $1,000,000 after purchasing an additional 87 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its position in shares of DTE Energy by 2.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 4,395 shares of the utilities provider's stock valued at $567,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DTE shares. Jefferies Financial Group reiterated a "buy" rating and issued a $170.00 target price on shares of DTE Energy in a report on Wednesday, April 8th. BMO Capital Markets cut their price target on DTE Energy from $157.00 to $148.00 and set a "market perform" rating on the stock in a report on Thursday, March 26th. Bank of America reaffirmed a "buy" rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Wells Fargo & Company reiterated an "overweight" rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of DTE Energy from $160.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.67.

DTE Energy Trading Up 1.8%

NYSE DTE opened at $149.44 on Wednesday. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $154.63. The business has a 50 day moving average price of $145.06 and a 200-day moving average price of $140.98. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The company has a market cap of $31.09 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 3.21 and a beta of 0.39.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the previous year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts expect that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 21st. DTE Energy's dividend payout ratio (DPR) is currently 76.77%.

Insider Activity at DTE Energy

In related 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 value of $143,720.00. Following the sale, the vice president owned 6,233 shares in the company, 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 at this link. 0.60% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.