BNP Paribas Financial Markets Sells 65,450 Shares of DTE Energy Company $DTE

BNP Paribas Financial Markets decreased its holdings in DTE Energy Company (NYSE:DTE) by 23.4% in the fourth quarter, Holdings Channel reports. The fund owned 213,924 shares of the utilities provider’s stock after selling 65,450 shares during the quarter. BNP Paribas Financial Markets’ holdings in DTE Energy were worth $27,592,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DTE. Empowered Funds LLC lifted its stake in DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares during the last quarter. Woodline Partners LP lifted its stake in DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares during the last quarter. Intech Investment Management LLC lifted its stake in DTE Energy by 6.5% in the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after purchasing an additional 773 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in DTE Energy in the second quarter worth about $203,000. Finally, Jump Financial LLC lifted its stake in DTE Energy by 154.5% in the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after purchasing an additional 7,696 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DTE shares. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. decreased their price objective on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. BMO Capital Markets decreased their price objective on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday, March 26th. Barclays decreased their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $170.00 price target on shares of DTE Energy in a research note on Wednesday, April 8th. One investment 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. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $156.25.

DTE Energy Stock Performance

DTE Energy stock opened at $142.80 on Friday. The company has a 50 day moving average price of $145.12 and a 200-day moving average price of $139.93. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $154.63. The company has a market capitalization of $29.71 billion, a PE ratio of 23.53, a P/E/G ratio of 3.10 and a beta of 0.39.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $2.10 EPS. 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 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is presently 76.77%.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by 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.