Resona Asset Management Co. Ltd. Sells 3,530 Shares of DTE Energy Company $DTE

Resona Asset Management Co. Ltd. reduced its stake in DTE Energy Company (NYSE:DTE) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 64,120 shares of the utilities provider’s stock after selling 3,530 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in DTE Energy were worth $8,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after acquiring an additional 766,499 shares during the last quarter. State Street Corp increased its holdings in DTE Energy by 2.3% in the 3rd quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock valued at $1,540,000,000 after acquiring an additional 247,747 shares during the last quarter. Capital World Investors increased its holdings in DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after acquiring an additional 552,346 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in DTE Energy by 12.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after acquiring an additional 602,602 shares during the last quarter. Finally, Boston Partners increased its holdings in DTE Energy by 2.1% in the 3rd quarter. Boston Partners now owns 2,556,911 shares of the utilities provider’s stock valued at $361,625,000 after acquiring an additional 53,447 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DTE has been the topic of a number of research reports. Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Morgan Stanley set a $146.00 target price on shares of DTE Energy in a report on Thursday. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. Barclays reduced their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. Finally, Citigroup boosted their target price on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $156.25.

DTE Energy Price Performance

DTE Energy stock opened at $143.77 on Friday. The stock has a market cap of $29.91 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 3.12 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The firm has a 50-day moving average of $145.72 and a two-hundred day moving average of $139.45.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period last year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be given a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s payout ratio is 76.77%.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.