Russell Investments Group Ltd. Sells 13,804 Shares of DTE Energy Company $DTE

Key Points

• Russell Investments trimmed its DTE stake by 7.1% in Q3, selling 13,804 shares and now holds 180,819 shares worth about $25.57 million (0.09% of the company).
• DTE beat quarterly estimates with $1.65 EPS (vs. $1.52 consensus) and $4.43B revenue, and set FY2026 guidance of 7.590–7.730 EPS (analysts' average ~7.18).
• The company declared a quarterly dividend of $1.165 (annualized $4.66) for a ~3.2% yield, with an ex-dividend date of March 16 and payment on April 15.

Russell Investments Group Ltd. cut its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,819 shares of the utilities provider's stock after selling 13,804 shares during the period. Russell Investments Group Ltd. owned 0.09% of DTE Energy worth $25,571,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Clean Yield Group bought a new stake in shares of DTE Energy during the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates acquired a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new position in shares of DTE Energy in the third quarter valued at $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of DTE Energy in the third quarter valued at $31,000. Finally, Capital A Wealth Management LLC increased its holdings in DTE Energy by 5,775.0% during the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider's stock worth $31,000 after buying an additional 231 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 0.8%

Shares of DTE stock opened at $147.67 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The stock has a market cap of $30.68 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.69 and a beta of 0.47. The stock has a 50 day simple moving average of $139.26 and a 200 day simple moving average of $137.12. DTE Energy Company has a 1 year low of $123.69 and a 1 year high of $154.63.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping analysts' consensus estimates 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 last year, the company earned $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts predict that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy's payout ratio is 66.38%.

Analysts Set New Price Targets

DTE has been the topic of several analyst reports. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Morgan Stanley restated an "overweight" rating and set a $153.00 price objective on shares of DTE Energy in a research note on Friday, February 20th. Barclays cut their target price on shares of DTE Energy from $148.00 to $141.00 and set an "equal weight" rating for the company in a research note on Thursday, January 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of DTE Energy in a report on Wednesday, January 21st. Finally, Citigroup upped their price objective on DTE Energy from $158.00 to $168.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and an average target price of $151.31.

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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