Assetmark Inc. Increases Stake in DTE Energy Company $DTE

Assetmark Inc. grew its stake in shares of DTE Energy Company (NYSE:DTE) by 433.2% during the first quarter, Holdings Channel reports. The institutional investor owned 25,490 shares of the utilities provider’s stock after purchasing an additional 20,709 shares during the quarter. Assetmark Inc.’s holdings in DTE Energy were worth $3,727,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Empowered Funds LLC boosted its position in DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after buying an additional 6,614 shares during the period. Woodline Partners LP grew its holdings in DTE Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after acquiring an additional 5,072 shares during the last quarter. Intech Investment Management LLC increased its position in shares of DTE Energy by 6.5% in the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after acquiring an additional 773 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of DTE Energy in the second quarter valued at about $203,000. Finally, Jump Financial LLC raised its position in DTE Energy by 154.5% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DTE shares. Mizuho set a $165.00 price target on DTE Energy in a research note on Friday, May 1st. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a report on Thursday, July 9th. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a research note on Monday, June 15th. Finally, Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given 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 an average price target of $158.38.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction 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 completion of the sale, the vice president directly owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

DTE Energy Trading Up 2.4%

Shares of NYSE:DTE opened at $148.44 on Thursday. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $155.74. The stock’s fifty day moving average price is $147.25 and its 200-day moving average price is $144.10. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market cap of $30.88 billion, a P/E ratio of 24.46, a PEG ratio of 3.17 and a beta of 0.38.

DTE Energy (NYSE:DTE) last announced its quarterly 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 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 analysts’ expectations of $4.37 billion. During the same period in the previous year, the business earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

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

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.