Fifth Third Bancorp Grows Position in DTE Energy Company $DTE

Fifth Third Bancorp lifted its position in shares of DTE Energy Company (NYSE:DTE) by 921.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,180 shares of the utilities provider’s stock after purchasing an additional 71,425 shares during the quarter. Fifth Third Bancorp’s holdings in DTE Energy were worth $11,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of DTE Energy by 227.4% during the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after buying an additional 1,895,631 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of DTE Energy during the fourth quarter valued at approximately $139,423,000. Cohen & Steers Inc. purchased a new position in shares of DTE Energy during the fourth quarter valued at approximately $125,604,000. Vanguard Group Inc. boosted its position in shares of DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of DTE Energy by 176.5% in the 2nd 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 last quarter. Institutional investors own 76.06% of the company’s stock.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DTE shares. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a research note on Monday, June 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $150.00 price target on shares of DTE Energy in a research report on Wednesday, June 24th. TD Cowen initiated coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price objective on the stock. Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $158.15.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $149.16 on Wednesday. The firm’s 50-day moving average price is $146.63 and its 200-day moving average price is $143.34. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $155.74. The company has a market cap of $31.03 billion, a PE ratio of 24.57, a PEG ratio of 3.29 and a beta of 0.38. 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 (NYSE:DTE) last issued its quarterly earnings data 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 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 company earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 3.1%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is 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.