Millennium Management LLC Grows Holdings in DTE Energy Company $DTE

Millennium Management LLC grew its holdings in DTE Energy Company (NYSE:DTE) by 227.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,729,226 shares of the utilities provider’s stock after purchasing an additional 1,895,631 shares during the period. Millennium Management LLC’s holdings in DTE Energy were worth $352,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Empowered Funds LLC grew its position in shares of DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after buying an additional 6,614 shares in the last quarter. Woodline Partners LP grew its position in shares of DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after buying an additional 5,072 shares in the last quarter. Intech Investment Management LLC grew its position in shares of DTE Energy by 6.5% during the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after buying an additional 773 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of DTE Energy during the 2nd quarter worth $203,000. Finally, Jump Financial LLC grew its position in shares of DTE Energy by 154.5% during the 2nd quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after buying an additional 7,696 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 1.2%

Shares of NYSE DTE opened at $147.03 on Thursday. 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 stock has a market capitalization of $30.59 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 3.25 and a beta of 0.39. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $154.63. The business has a fifty day moving average price of $145.19 and a 200 day moving average price of $140.58.

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 analysts’ consensus estimates of $1.98 by ($0.03). The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter last year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts expect 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 Wednesday, July 15th. Investors of record on Monday, June 22nd will be paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, June 22nd. DTE Energy’s dividend payout ratio is 76.77%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DTE. Argus raised DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research report on Monday. Barclays dropped their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. Finally, BMO Capital Markets dropped their price target on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average price target of $156.67.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Key DTE Energy News

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

• Positive Sentiment: The U.S. Department of Energy finalized a roughly $1.6 billion loan for DTE Gas/Michigan infrastructure upgrades, a move that should help fund grid and gas system improvements while potentially lowering customer energy costs and supporting long-term utility investment. DOE closes on 1.6B loan to DTE Energy for Michigan upgrades
• Positive Sentiment: Brokerage sentiment remained constructive, with DTE Energy receiving an average “Moderate Buy” recommendation, which can support investor confidence in the stock. DTE Energy Company Given Average Recommendation of Moderate Buy by Brokerages
• Positive Sentiment: Independent commentary highlighted DTE as a potential beneficiary of AI/data-center infrastructure demand, pointing to upside from its capital plan and Michigan regulatory backdrop. DTE Energy Emerges as a Top AI Infrastructure Beneficiary
• Neutral Sentiment: Additional coverage focused on the DOE loan’s potential to improve Michigan infrastructure and lower costs, reinforcing the same long-term investment theme rather than introducing a new company-specific catalyst. Federal 1.68B loan aims to lower Michigan energy costs, improve infrastructure
• Neutral Sentiment: News also noted a gas leak response in Grosse Pointe Farms, which appears to be an isolated operational issue but could keep safety and reliability concerns in focus. Authorities, DTE respond to Grosse Pointe Farms gas leak
• Negative Sentiment: Investor sentiment may be pressured by reports that DTE is seeking a $474 million rate hike, especially alongside criticism about not paying federal income tax for more than a decade, which could increase public and regulatory scrutiny. DTE asks for 474M rate hike while not paying federal income tax for over a decade

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.