Sterling Capital Management LLC Has $1.09 Million Stock Holdings in DTE Energy Company $DTE

Sterling Capital Management LLC decreased its holdings in shares of DTE Energy Company (NYSE:DTE) by 41.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,455 shares of the utilities provider’s stock after selling 5,363 shares during the quarter. Sterling Capital Management LLC’s holdings in DTE Energy were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its stake 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 acquiring an additional 6,614 shares in the last quarter. Woodline Partners LP lifted its position in shares of DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares in the last quarter. Intech Investment Management LLC lifted 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 worth $1,754,000 after purchasing an additional 773 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of DTE Energy during the second quarter worth approximately $203,000. Finally, Jump Financial LLC grew its position in DTE Energy by 154.5% during the second 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 in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DTE Energy

In related 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 value of $143,720.00. Following the completion of the sale, the vice president owned 6,233 shares of the company’s stock, 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 accessible through this link. Corporate insiders own 0.60% of the company’s stock.

DTE Energy Trading Down 1.0%

Shares of NYSE DTE opened at $152.50 on Wednesday. The business has a 50 day simple moving average of $145.64 and a 200 day simple moving average of $141.76. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.06. The stock has a market cap of $31.72 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 3.36 and a beta of 0.39. 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 (NYSE:DTE) last issued its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share 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 period in the previous year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently declared 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 is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Morgan Stanley reissued an “overweight” rating and set a $150.00 target price on shares of DTE Energy in a research note on Wednesday, June 24th. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price target on shares of DTE Energy in a research note on Wednesday, April 8th. Finally, Bank of America reiterated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. One investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.