Geode Capital Management LLC Increases Stake in DTE Energy Company $DTE

Geode Capital Management LLC increased its position in shares of DTE Energy Company (NYSE:DTE) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,592,670 shares of the utilities provider’s stock after purchasing an additional 117,322 shares during the period. Geode Capital Management LLC’s holdings in DTE Energy were worth $718,668,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of DTE Energy during the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. grew its stake in DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 181 shares during the last quarter. Torren Management LLC purchased a new position in DTE Energy in the fourth quarter valued at about $26,000. Cloud Capital Management LLC purchased a new position in DTE Energy in the third quarter valued at about $28,000. Finally, Elyxium Wealth LLC purchased a new position in DTE Energy in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE DTE opened at $142.82 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The company has a market cap of $29.71 billion, a PE ratio of 23.53, a P/E/G ratio of 3.12 and a beta of 0.41. The business has a 50-day simple moving average of $145.27 and a two-hundred day simple moving average of $139.84. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $154.63.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share 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 return on equity of 12.37% and a net margin of 7.65%.During the same period in the prior 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 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be issued a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Argus upgraded DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Citigroup lifted their target price on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Morgan Stanley set a $146.00 target price on DTE Energy in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. cut their target price on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average target price of $156.25.

DTE Energy News Summary

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE Energy and LG Energy Solution Vertech announced a supply agreement for 6 GWh of battery energy storage systems across eight Michigan projects, a major step that could improve grid reliability and expand DTE’s clean-energy footprint. Article Title
• Positive Sentiment: Multiple reports highlighted DTE’s $1.6 billion battery storage investment in Michigan, which could strengthen its infrastructure and position the utility to benefit from rising electricity demand. Article Title
• Positive Sentiment: Coverage also noted that data center demand, including OpenAI’s power needs, is increasing long-term growth opportunities for DTE as utilities with grid capacity and generation assets become more valuable. Article Title
• Neutral Sentiment: Analysts also pointed to DTE as a beneficiary of broader clean-energy and wind-power adoption, but this is more of an industry tailwind than a company-specific catalyst. Article Title
• Neutral Sentiment: Several local and market reports echoed the same battery-storage theme, reinforcing investor interest but adding little new beyond the initial partnership and spending announcement. Article Title

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the sale, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.