Bank of New York Mellon Corp Sells 44,107 Shares of DTE Energy Company $DTE

Bank of New York Mellon Corp trimmed its holdings in DTE Energy Company (NYSE:DTE) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,199,819 shares of the utilities provider’s stock after selling 44,107 shares during the quarter. Bank of New York Mellon Corp’s holdings in DTE Energy were worth $175,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Illinois Municipal Retirement Fund lifted its stake in DTE Energy by 730.9% in the first quarter. Illinois Municipal Retirement Fund now owns 36,425 shares of the utilities provider’s stock valued at $5,326,000 after buying an additional 32,041 shares during the period. Sanctuary Advisors LLC grew its position in shares of DTE Energy by 3.3% during the 1st quarter. Sanctuary Advisors LLC now owns 26,331 shares of the utilities provider’s stock worth $3,850,000 after buying an additional 836 shares during the period. Members Trust Co acquired a new stake in shares of DTE Energy during the 1st quarter worth approximately $204,000. Checchi Capital Advisers LLC increased its stake in shares of DTE Energy by 23.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,402 shares of the utilities provider’s stock valued at $351,000 after acquiring an additional 450 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of DTE Energy by 5.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,186 shares of the utilities provider’s stock valued at $612,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $148.12 on Friday. 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 Company has a twelve month low of $126.23 and a twelve month high of $155.74. The stock’s 50 day moving average is $147.00 and its 200-day moving average is $143.64. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 3.24 and a beta of 0.38.

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 firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

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

Insider Buying and Selling at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

DTE has been the topic of a number of research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. JPMorgan Chase & Co. raised their price target on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $150.00 price target on shares of DTE Energy in a research note on Wednesday, June 24th. Barclays dropped their price objective on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 4th. Finally, Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.69.

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.