QRG Capital Management Inc. Sells 9,437 Shares of DTE Energy Company $DTE

QRG Capital Management Inc. lessened its stake in DTE Energy Company (NYSE:DTE) by 25.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,265 shares of the utilities provider’s stock after selling 9,437 shares during the quarter. QRG Capital Management Inc.’s holdings in DTE Energy were worth $3,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. First Trust Advisors LP boosted its stake in DTE Energy by 11.0% during the third quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after buying an additional 79,956 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of DTE Energy in the third quarter valued at $1,348,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of DTE Energy by 58.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock valued at $8,525,000 after acquiring an additional 24,071 shares during the period. Nordea Investment Management AB lifted its holdings in shares of DTE Energy by 4.1% in the 4th quarter. Nordea Investment Management AB now owns 302,304 shares of the utilities provider’s stock worth $39,091,000 after acquiring an additional 12,026 shares during the last quarter. Finally, Procyon Advisors LLC bought a new stake in shares of DTE Energy in the 4th quarter worth about $1,069,000. Institutional investors own 76.06% of the company’s stock.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred 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 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 SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DTE shares. BMO Capital Markets dropped their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday, March 26th. Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Mizuho set a $165.00 price objective on shares of DTE Energy in a research note on Friday, May 1st. Barclays dropped their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Finally, Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

DTE Energy Stock Down 0.1%

Shares of DTE opened at $153.90 on Monday. The firm has a fifty day moving average price of $146.15 and a 200-day moving average price of $142.25. 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 firm has a market capitalization of $32.02 billion, a P/E ratio of 25.35, a P/E/G ratio of 3.36 and a beta of 0.38. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.06.

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

DTE Energy Announces Dividend

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 paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio is currently 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.