Bank of New York Mellon Corp Decreases Stake in DTE Energy Company $DTE

Bank of New York Mellon Corp lowered its position in shares of DTE Energy Company (NYSE:DTE) by 2.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,243,926 shares of the utilities provider’s stock after selling 34,969 shares during the period. Bank of New York Mellon Corp’s holdings in DTE Energy were worth $160,442,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DTE. Quantitative Investment Management LLC purchased a new position in DTE Energy in the 3rd quarter worth approximately $1,348,000. First Trust Advisors LP boosted its holdings in DTE Energy by 11.0% in the 3rd quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after acquiring an additional 79,956 shares during the period. Victory Capital Management Inc. boosted its holdings in DTE Energy by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock worth $51,236,000 after acquiring an additional 4,590 shares during the period. TD Asset Management Inc boosted its holdings in DTE Energy by 2.9% in the 3rd quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider’s stock worth $34,042,000 after acquiring an additional 6,779 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in DTE Energy by 58.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock worth $8,525,000 after acquiring an additional 24,071 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE Energy stock opened at $145.80 on Friday. The stock has a market cap of $30.33 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.39. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The stock has a 50 day moving average of $145.17 and a 200-day moving average of $139.98. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $154.63.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion for 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 quarter last year, the company posted $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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be paid a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 22nd. DTE Energy’s dividend payout ratio is 76.77%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DTE shares. BMO Capital Markets decreased their price target on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday, March 26th. Argus upgraded DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. Truist Financial decreased their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, Mizuho set a $165.00 price target on DTE Energy in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $156.25.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction that occurred on 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 approximately $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

About DTE Energy

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.