Hsbc Holdings PLC Increases Stake in DTE Energy Company $DTE

Hsbc Holdings PLC lifted its stake in shares of DTE Energy Company (NYSE:DTE) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 387,409 shares of the utilities provider’s stock after buying an additional 38,668 shares during the quarter. Hsbc Holdings PLC owned approximately 0.19% of DTE Energy worth $49,983,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in DTE Energy during the 4th quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. raised its holdings in shares of DTE Energy by 754.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 181 shares in the last quarter. Torren Management LLC acquired a new stake in shares of DTE Energy in the 4th quarter valued at $26,000. Elyxium Wealth LLC purchased a new stake in shares of DTE Energy during the 4th quarter worth $29,000. Finally, Asset Dedication LLC lifted its position in shares of DTE Energy by 88.4% during the 3rd quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 107 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DTE shares. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a report on Wednesday, April 8th. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Barclays dropped their price objective on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. JPMorgan Chase & Co. decreased their target price on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Finally, Truist Financial lowered 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. One equities research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.67.

DTE Energy Stock Up 1.8%

DTE opened at $149.44 on Wednesday. DTE Energy Company has a one year low of $126.23 and a one year high of $154.63. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a market capitalization of $31.09 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.21 and a beta of 0.39. The business’s 50-day simple moving average is $145.06 and its 200-day simple moving average is $140.98.

DTE Energy (NYSE:DTE) last announced 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). The firm had revenue of $5.14 billion during 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 period last year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is presently 76.77%.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s 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 in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

DTE Energy Company 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.