DTE Energy Company $DTE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of DTE Energy Company (NYSE:DTE) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 444,095 shares of the utilities provider’s stock after selling 14,787 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in DTE Energy were worth $64,936,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in DTE Energy by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 71 shares in the last quarter. Whittier Trust Co. grew its holdings in DTE Energy by 3.5% during the 1st quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 75 shares in the last quarter. Segment Wealth Management LLC grew its holdings in DTE Energy by 4.6% during the 4th quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 76 shares in the last quarter. HM Payson & Co. increased its position in shares of DTE Energy by 23.6% in the 4th quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 80 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of DTE Energy by 1.1% in the 4th quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock worth $1,000,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Buying and Selling

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares in the company, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays reduced their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a report on Monday, June 15th. Morgan Stanley restated an “overweight” rating and set a $150.00 price objective on shares of DTE Energy in a research note on Wednesday, June 24th. TD Cowen began coverage on DTE Energy in a report on Tuesday. They set a “hold” rating and a $166.00 target price on the stock. Finally, Truist Financial decreased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.85.

DTE Energy Stock Performance

Shares of NYSE:DTE traded up $1.14 on Friday, reaching $150.41. 1,222,039 shares of the company’s stock were exchanged, compared to its average volume of 1,242,894. The business’s 50-day moving average is $146.54 and its two-hundred day moving average is $142.94. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $155.74. The firm has a market capitalization of $31.29 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 3.28 and a beta of 0.38.

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 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 analyst estimates of $4.37 billion. During the same period last year, the firm posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research 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 paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 21st. DTE Energy’s payout ratio is presently 76.77%.

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.