Jennison Associates LLC Has $45.83 Million Stake in DTE Energy Company $DTE

Jennison Associates LLC reduced its stake in shares of DTE Energy Company (NYSE:DTE) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 355,298 shares of the utilities provider’s stock after selling 157,535 shares during the period. Jennison Associates LLC’s holdings in DTE Energy were worth $45,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after buying an additional 766,499 shares during the period. Millennium Management LLC lifted its stake in shares of DTE Energy by 810.6% in the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after acquiring an additional 742,056 shares during the period. Raymond James Financial Inc. boosted its holdings in DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after acquiring an additional 648,007 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in DTE Energy by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after acquiring an additional 602,602 shares during the last quarter. Finally, Capital World Investors increased its position in DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after purchasing an additional 552,346 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy News Summary

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE highlights heavy capital deployment to drive reliability and growth — invested >$1.2B in Q1 and remains on pace for >$6B this year, plus a secured agreement to power Google’s new Michigan data center; these moves bolster regulated utility earnings visibility and long-term growth prospects. DTE Energy reports first quarter 2026 accomplishments, investments and financial results
• Positive Sentiment: Investor commentary views DTE as a fairly valued, high-quality utility with buyable characteristics given its predictable cash flows and continued infrastructure spend. DTE Energy Q1 Review: A Fairly Valued Quality Utility To Buy Now
• Neutral Sentiment: Company reiterated FY2026 EPS guidance of $7.590–7.730, essentially in line with consensus (~$7.72), which reduces uncertainty around full-year expectations but leaves little upside surprise baked in.
• Neutral Sentiment: DTE published its Q1 materials and conference call for investors (slide deck and transcript available) to provide detail on earnings drivers and capital plans. Listen to Conference Call / View Press Release
• Negative Sentiment: Q1 EPS missed expectations: $1.95 vs. $2.03 estimate and down from $2.10 a year ago; revenue beat ($5.14B) but an energy trading unit swung to a loss, which offset stronger regulated electric results — a catalyst for short-term share weakness. DTE Energy misses quarterly profit estimates as energy trading unit swings to loss
• Negative Sentiment: DTE requested a $474M electric rate increase in Michigan; the state Attorney General has pledged to challenge it, creating regulatory and timing risk that could limit near-term rate relief and affect allowed returns. (See coverage on rate request and AG response)

DTE Energy Stock Performance

NYSE:DTE opened at $151.70 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $154.63. The company has a fifty day moving average of $147.10 and a 200-day moving average of $139.34. The firm has a market capitalization of $31.56 billion, a P/E ratio of 21.61, a P/E/G ratio of 3.21 and a beta of 0.43.

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 the consensus estimate of $2.03 by ($0.08). The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same period in the prior year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th were given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, March 16th. DTE Energy’s dividend payout ratio is 66.38%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DTE. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. BMO Capital Markets lowered their target price on shares of 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 assumed coverage on shares of DTE Energy in a report on Monday, April 20th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Argus raised shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $155.23.

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.