DTE Energy Company $DTE Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in shares of DTE Energy Company (NYSE:DTE) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,512 shares of the utilities provider’s stock after purchasing an additional 3,658 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DTE Energy were worth $3,807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after acquiring an additional 6,614 shares in the last quarter. Woodline Partners LP raised its holdings in DTE Energy by 40.8% during 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 in the last quarter. Intech Investment Management LLC raised its holdings in DTE Energy by 6.5% during 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 in the last quarter. Sivia Capital Partners LLC acquired a new stake in DTE Energy in the second quarter valued at about $203,000. Finally, Jump Financial LLC lifted its position in DTE Energy by 154.5% in the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock valued at $1,679,000 after purchasing an additional 7,696 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Price Performance

DTE stock opened at $154.65 on Friday. The firm has a 50 day moving average of $145.39 and a 200-day moving average of $141.36. The company has a market cap of $32.17 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.37 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. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.90.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share 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 return on equity of 12.37% and a net margin of 7.65%.During the same quarter in the prior year, the company earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be given a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.0%. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction 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 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 SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DTE shares. BMO Capital Markets cut their target price on 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. Truist Financial decreased their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $150.00 price objective on shares of DTE Energy in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Finally, Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.