Summit Global Investments Has $5.62 Million Stock Position in DTE Energy Company $DTE

Summit Global Investments lowered its stake in shares of DTE Energy Company (NYSE:DTE) by 28.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,444 shares of the utilities provider’s stock after selling 15,016 shares during the quarter. Summit Global Investments’ holdings in DTE Energy were worth $5,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. Capital Research Global Investors grew its stake in shares of DTE Energy by 3.1% during the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after purchasing an additional 379,443 shares during the last quarter. State Street Corp increased its holdings in shares of DTE Energy by 2.5% in the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after purchasing an additional 272,068 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of DTE Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after purchasing an additional 117,322 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in DTE Energy by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 3,044,198 shares of the utilities provider’s stock worth $392,641,000 after purchasing an additional 65,080 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DTE. JPMorgan Chase & Co. increased their price objective on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Barclays cut their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. TD Cowen began coverage on DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price target on the stock. Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Truist Financial dropped their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a report on Monday, May 18th. 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 company’s stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $158.69.

DTE Energy Price Performance

Shares of DTE stock opened at $145.91 on Tuesday. The firm’s 50 day moving average price is $147.07 and its two-hundred day moving average price is $143.85. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $155.74. The stock has a market cap of $30.35 billion, a PE ratio of 24.04, 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 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter in the previous year, the firm posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts forecast that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio is currently 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.