Pinnacle Associates Ltd. Acquires 6,470 Shares of DTE Energy Company $DTE

Pinnacle Associates Ltd. increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 112.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,228 shares of the utilities provider’s stock after acquiring an additional 6,470 shares during the quarter. Pinnacle Associates Ltd.’s holdings in DTE Energy were worth $1,729,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in shares of DTE Energy by 200.7% during the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares during the period. Woodline Partners LP increased its holdings in DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after purchasing an additional 5,072 shares during the period. Intech Investment Management LLC increased its holdings in DTE Energy by 6.5% in the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after purchasing an additional 773 shares during the period. Sivia Capital Partners LLC bought a new position in DTE Energy during the 2nd quarter worth $203,000. Finally, Prospera Financial Services Inc lifted its holdings in DTE Energy by 37.1% during the 2nd quarter. Prospera Financial Services Inc now owns 6,179 shares of the utilities provider’s stock worth $819,000 after buying an additional 1,672 shares during the period. 76.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group reduced their price target on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Citigroup raised their price objective on DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Barclays reduced their target price on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, Argus upgraded shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.31.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $146.50 on Thursday. The business has a 50-day moving average price of $138.89 and a two-hundred day moving average price of $137.05. DTE Energy Company has a 1-year low of $123.69 and a 1-year high of $154.63. 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 company has a market cap of $30.44 billion, a P/E ratio of 20.87, a PEG ratio of 2.71 and a beta of 0.47.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $1.51 EPS. 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 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th 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 3.2%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio is presently 66.38%.

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.