Securian Asset Management Inc. Has $728,000 Stock Holdings in DTE Energy Company $DTE

Securian Asset Management Inc. decreased its holdings in shares of DTE Energy Company (NYSE:DTE) by 43.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,647 shares of the utilities provider’s stock after selling 4,275 shares during the period. Securian Asset Management Inc.’s holdings in DTE Energy were worth $728,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Oxbow Advisors LLC bought a new position in shares of DTE Energy during the 4th quarter worth approximately $3,145,000. NewEdge Wealth LLC lifted its position in shares of DTE Energy by 38.7% during the 4th quarter. NewEdge Wealth LLC now owns 2,464 shares of the utilities provider’s stock valued at $318,000 after acquiring an additional 687 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of DTE Energy by 4.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 6,161 shares of the utilities provider’s stock valued at $795,000 after acquiring an additional 278 shares during the period. Ethic Inc. boosted its stake in DTE Energy by 7.2% during the fourth quarter. Ethic Inc. now owns 10,205 shares of the utilities provider’s stock worth $1,316,000 after acquiring an additional 681 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in DTE Energy by 11.8% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,176 shares of the utilities provider’s stock worth $281,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

DTE has been the subject of several research analyst reports. Truist Financial initiated coverage on shares of DTE Energy in a research note on Monday, April 20th. They issued a “buy” rating and a $165.00 price target for the company. Barclays cut their price objective 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. Weiss Ratings downgraded DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. cut their price target on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.58.

DTE Energy Stock Performance

DTE opened at $143.77 on Friday. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $154.63. The company has a market cap of $29.91 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.10 and a beta of 0.41. The company’s fifty day moving average price is $146.42 and its two-hundred day moving average price is $139.33. 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 (NYSE:DTE) last issued its quarterly earnings data 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). The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter in the prior year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be paid 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 payout ratio is 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.