Capital World Investors Reduces Stake in DTE Energy Company $DTE

Capital World Investors lessened its stake in DTE Energy Company (NYSE:DTE) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 9,833,064 shares of the utilities provider’s stock after selling 18,173 shares during the quarter. Capital World Investors’ holdings in DTE Energy were worth $1,268,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Capital Research Global Investors boosted its position in DTE Energy by 3.1% in the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after purchasing an additional 379,443 shares in the last quarter. Capital International Sarl boosted its position in DTE Energy by 47.8% in the 4th quarter. Capital International Sarl now owns 9,984 shares of the utilities provider’s stock worth $1,288,000 after purchasing an additional 3,229 shares in the last quarter. Capital International Inc. CA boosted its position in DTE Energy by 14.6% in the 4th quarter. Capital International Inc. CA now owns 118,281 shares of the utilities provider’s stock worth $15,256,000 after purchasing an additional 15,105 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in DTE Energy in the 4th quarter worth approximately $181,000. Finally, Nemes Rush Group LLC grew its position in shares of DTE Energy by 3.5% during the 4th quarter. Nemes Rush Group LLC now owns 4,044 shares of the utilities provider’s stock valued at $522,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.0%

Shares of DTE opened at $145.80 on Monday. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $154.63. The company has a market capitalization of $30.33 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.39. The stock has a fifty day simple moving average of $145.17 and a two-hundred day simple moving average of $139.99. 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 earnings results 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). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts forecast that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 22nd will be issued a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DTE shares. Mizuho set a $165.00 price target on DTE Energy in a research report on Friday, May 1st. Citigroup increased their target price on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Finally, Truist Financial decreased their target price on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.25.

Insider Buying and Selling

In related news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is 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.