DTE Energy Company $DTE Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in DTE Energy Company (NYSE:DTE) by 52.6% during the first quarter, HoldingsChannel.com reports. The firm owned 591,137 shares of the utilities provider’s stock after buying an additional 203,728 shares during the quarter. Hsbc Holdings PLC’s holdings in DTE Energy were worth $86,398,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy during the 4th quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. lifted its position in DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after buying an additional 181 shares in the last quarter. Torren Management LLC acquired a new position in DTE Energy during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new stake in DTE Energy during the fourth quarter worth approximately $29,000. Finally, Key Financial Inc purchased a new stake in DTE Energy during the first quarter worth approximately $29,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. BMO Capital Markets decreased their price target on shares of DTE Energy from $154.00 to $152.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group set a $172.00 price objective on DTE Energy in a research report on Thursday, July 9th. Finally, Barclays reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given 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 $158.69.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

DTE Energy Trading Down 0.0%

DTE opened at $148.12 on Monday. The firm has a market capitalization of $30.81 billion, a P/E ratio of 24.40, a P/E/G ratio of 3.24 and a beta of 0.38. The firm’s 50 day moving average is $147.00 and its 200-day moving average is $143.74. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $155.74. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04.

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

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. DTE Energy’s payout ratio is currently 76.77%.

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.