Illinois Municipal Retirement Fund Buys 32,041 Shares of DTE Energy Company $DTE

Illinois Municipal Retirement Fund raised its stake in DTE Energy Company (NYSE:DTE) by 730.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 36,425 shares of the utilities provider’s stock after purchasing an additional 32,041 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in DTE Energy were worth $5,326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC raised its holdings in DTE Energy by 3.3% during the 1st quarter. Sanctuary Advisors LLC now owns 26,331 shares of the utilities provider’s stock valued at $3,850,000 after buying an additional 836 shares during the last quarter. Members Trust Co bought a new stake in DTE Energy in the 1st quarter worth $204,000. Checchi Capital Advisers LLC grew its holdings in DTE Energy by 23.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,402 shares of the utilities provider’s stock worth $351,000 after acquiring an additional 450 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of DTE Energy by 5.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,186 shares of the utilities provider’s stock valued at $612,000 after acquiring an additional 226 shares during the period. Finally, Citizens National Bank Trust Department increased its position in shares of DTE Energy by 29.9% in the first quarter. Citizens National Bank Trust Department now owns 2,878 shares of the utilities provider’s stock valued at $421,000 after acquiring an additional 662 shares during the period. Institutional investors own 76.06% of the company’s stock.

Insiders Place Their Bets

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 value of $143,720.00. Following the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DTE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group set a $172.00 target price on DTE Energy in a report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $150.00 price target on shares of DTE Energy in a research note on Wednesday, June 24th. Truist Financial cut their price target on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.69.

DTE Energy Stock Performance

Shares of DTE opened at $148.12 on Friday. The company has a 50-day simple moving average of $147.00 and a two-hundred day simple moving average of $143.64. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a market capitalization of $30.81 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74.

DTE Energy (NYSE:DTE) last posted its earnings results 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 return on equity of 12.37% and a net margin of 7.65%.The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts anticipate that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is presently 76.77%.

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.