Hsbc Holdings PLC Increases Position in DTE Energy Company $DTE

Hsbc Holdings PLC lifted its holdings in shares of DTE Energy Company (NYSE:DTE) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 387,409 shares of the utilities provider’s stock after buying an additional 38,668 shares during the period. Hsbc Holdings PLC’s holdings in DTE Energy were worth $49,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DTE. Laurel Wealth Advisors LLC acquired a new position in DTE Energy in the 4th quarter valued at about $25,000. Quest 10 Wealth Builders Inc. lifted its position in DTE Energy by 754.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 181 shares during the period. Torren Management LLC acquired a new stake in DTE Energy during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at approximately $29,000. Finally, Asset Dedication LLC grew its stake in shares of DTE Energy by 88.4% in the 3rd quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DTE shares. Truist Financial dropped their target price on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Bank of America restated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $156.67.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

DTE Energy Stock Performance

Shares of DTE stock opened at $149.44 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The stock has a 50 day simple moving average of $145.06 and a 200-day simple moving average of $140.98. The company has a market cap of $31.09 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.21 and a beta of 0.39. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.63.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts forecast that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 21st. DTE Energy’s payout ratio is presently 76.77%.

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.