Xponance Inc. Reduces Stake in DTE Energy Company $DTE

Xponance Inc. cut its stake in shares of DTE Energy Company (NYSE:DTE) by 12.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,411 shares of the utilities provider’s stock after selling 4,401 shares during the period. Xponance Inc.’s holdings in DTE Energy were worth $4,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DTE. Vanguard Group Inc. increased its position in shares of DTE Energy by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after purchasing an additional 1,042,589 shares during the last quarter. Raymond James Financial Inc. boosted its stake in DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after buying an additional 648,007 shares during the period. JPMorgan Chase & Co. increased its position in DTE Energy by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 1,256,284 shares of the utilities provider’s stock valued at $177,676,000 after acquiring an additional 226,647 shares during the last quarter. State Street Corp increased its position in DTE Energy by 2.2% during the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock valued at $1,409,833,000 after acquiring an additional 222,353 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of DTE Energy by 18.8% in the second quarter. Panagora Asset Management Inc. now owns 1,186,434 shares of the utilities provider’s stock valued at $157,155,000 after acquiring an additional 187,875 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. BMO Capital Markets reissued a “market perform” rating and issued a $157.00 price objective on shares of DTE Energy in a research note on Thursday, February 19th. UBS Group dropped their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Mizuho raised their price target on DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.31.

DTE Energy Price Performance

Shares of DTE stock opened at $148.01 on Monday. The company has a market capitalization of $30.76 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.72 and a beta of 0.47. The company’s 50-day simple moving average is $135.76 and its two-hundred day simple moving average is $136.52. DTE Energy Company has a one year low of $123.69 and a one year high of $154.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results 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 firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be given a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio is presently 66.38%.

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.