Northwestern Mutual Wealth Management Co. Raises Stock Holdings in DTE Energy Company $DTE

Northwestern Mutual Wealth Management Co. lifted its holdings in DTE Energy Company (NYSE:DTE) by 700.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,531 shares of the utilities provider’s stock after purchasing an additional 50,342 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DTE Energy were worth $7,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after buying an additional 766,499 shares during the period. State Street Corp grew its stake in DTE Energy by 2.3% in the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after purchasing an additional 247,747 shares in the last quarter. Capital World Investors grew its stake in DTE Energy by 5.9% in the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after purchasing an additional 552,346 shares in the last quarter. Ameriprise Financial Inc. grew its stake in DTE Energy by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after purchasing an additional 602,602 shares in the last quarter. Finally, Boston Partners grew its stake in DTE Energy by 2.1% in the third quarter. Boston Partners now owns 2,556,911 shares of the utilities provider’s stock worth $361,625,000 after purchasing an additional 53,447 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Up 1.1%

Shares of NYSE DTE opened at $145.30 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $30.23 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.41. The stock’s fifty day simple moving average is $145.70 and its two-hundred day simple moving average is $139.49. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.63.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The company 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 last year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company reissued an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a research note on Tuesday, April 21st. Barclays dropped 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. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Truist Financial dropped their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Citigroup increased their price objective on DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average price target of $156.25.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the 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 sale, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.