RWC Asset Management LLP Has $8.74 Million Holdings in DTE Energy Company $DTE

RWC Asset Management LLP cut its holdings in DTE Energy Company (NYSE:DTE) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,751 shares of the utilities provider’s stock after selling 5,887 shares during the period. RWC Asset Management LLP’s holdings in DTE Energy were worth $8,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors raised its holdings in shares of DTE Energy by 3.1% in 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. Capital International Sarl grew its stake in shares of DTE Energy by 47.8% in the fourth quarter. Capital International Sarl now owns 9,984 shares of the utilities provider’s stock valued at $1,288,000 after buying an additional 3,229 shares in the last quarter. Capital International Inc. CA grew its stake in shares of DTE Energy by 14.6% in the fourth quarter. Capital International Inc. CA now owns 118,281 shares of the utilities provider’s stock valued at $15,256,000 after buying an additional 15,105 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of DTE Energy in the fourth quarter valued at $181,000. Finally, Nemes Rush Group LLC grew its stake in shares of DTE Energy by 3.5% in the fourth quarter. Nemes Rush Group LLC now owns 4,044 shares of the utilities provider’s stock valued at $522,000 after buying an additional 137 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.0%

DTE stock opened at $145.80 on Monday. 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 fifty day moving average price of $145.17 and a two-hundred day moving average price of $139.99. DTE Energy Company has a one year low of $126.23 and a one year high of $154.63. The stock has a market cap of $30.33 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.39.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 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 company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities 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 will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s payout ratio is 76.77%.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets decreased 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. Citigroup raised their target price on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Bank of America reissued a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Morgan Stanley set a $146.00 target price on shares of DTE Energy in a research note on Thursday, May 21st. Finally, Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.25.

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.