HITE Hedge Asset Management LLC Decreases Stake in DTE Energy Company $DTE

HITE Hedge Asset Management LLC lessened its holdings in shares of DTE Energy Company (NYSE:DTE) by 47.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 471,367 shares of the utilities provider’s stock after selling 432,811 shares during the period. DTE Energy comprises 3.9% of HITE Hedge Asset Management LLC’s portfolio, making the stock its 4th largest holding. HITE Hedge Asset Management LLC’s holdings in DTE Energy were worth $60,797,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy in the fourth quarter worth about $25,000. Torren Management LLC acquired a new stake in DTE Energy in the fourth quarter worth about $26,000. Quest 10 Wealth Builders Inc. increased its position 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 worth $26,000 after purchasing an additional 181 shares during the period. Elyxium Wealth LLC acquired a new stake in DTE Energy in the fourth quarter worth about $29,000. Finally, Asset Dedication LLC increased its position in DTE Energy by 88.4% in the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 107 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of DTE opened at $147.37 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The stock has a market cap of $30.66 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 3.18 and a beta of 0.39. The stock’s 50-day moving average price is $145.18 and its two-hundred day moving average price is $140.31.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts predict 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 Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be issued a dividend of $1.165 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Insider Transactions at DTE Energy

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 transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

DTE has been the subject of a number of research reports. Truist Financial lowered their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Citigroup lifted 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. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. JPMorgan Chase & Co. lowered their price objective on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Finally, Barclays lowered their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.25.

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.