Hsbc Holdings PLC Has $49.98 Million Stock Holdings in DTE Energy Company $DTE

Hsbc Holdings PLC lifted its stake in DTE Energy Company (NYSE:DTE) by 11.1% in the fourth quarter, HoldingsChannel reports. The firm owned 387,409 shares of the utilities provider’s stock after purchasing an additional 38,668 shares during the period. Hsbc Holdings PLC’s holdings in DTE Energy were worth $49,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC increased its position in shares of DTE Energy by 227.4% in the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock worth $352,016,000 after acquiring an additional 1,895,631 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in DTE Energy during the 4th quarter worth approximately $139,423,000. Cohen & Steers Inc. acquired a new stake in DTE Energy during the 4th quarter valued at $125,604,000. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 766,499 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of 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 worth $134,474,000 after buying an additional 648,007 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 0.1%

DTE stock opened at $153.90 on Monday. 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 1 year low of $126.23 and a 1 year high of $155.06. The company has a fifty day simple moving average of $146.15 and a 200 day simple moving average of $142.25. The firm has a market cap of $32.02 billion, a PE ratio of 25.35, a PEG ratio of 3.36 and a beta of 0.38.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts anticipate that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business 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 dividend of $1.165 per share. The ex-dividend date of this dividend 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 is currently 76.77%.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DTE. Weiss Ratings downgraded DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Barclays dropped their target price 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. lowered their price objective on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. BMO Capital Markets dropped their price objective on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. Finally, Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.