ProShare Advisors LLC Has $6.57 Million Holdings in DTE Energy Company $DTE

ProShare Advisors LLC raised its position in DTE Energy Company (NYSE:DTE) by 9.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,928 shares of the utilities provider’s stock after purchasing an additional 4,279 shares during the quarter. ProShare Advisors LLC’s holdings in DTE Energy were worth $6,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Segment Wealth Management LLC boosted its position in DTE Energy by 4.6% in the fourth quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock valued at $225,000 after buying an additional 76 shares in the last quarter. Keybank National Association OH boosted its position in DTE Energy by 1.8% in the third quarter. Keybank National Association OH now owns 4,606 shares of the utilities provider’s stock valued at $651,000 after buying an additional 81 shares in the last quarter. Modern Wealth Management LLC boosted its position in DTE Energy by 0.6% in the third quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider’s stock valued at $1,900,000 after buying an additional 85 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in DTE Energy by 4.6% in the third quarter. Oppenheimer & Co. Inc. now owns 1,960 shares of the utilities provider’s stock valued at $277,000 after buying an additional 86 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in DTE Energy by 1.1% in the fourth quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock valued at $1,000,000 after buying an additional 87 shares in the last quarter. 76.06% of the stock is currently 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 the business’s stock in a transaction that occurred 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 sale, 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 filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $145.30 on Friday. 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 firm has a market cap of $30.23 billion, a P/E ratio of 23.94, a P/E/G ratio of 3.14 and a beta of 0.41. The firm has a 50 day simple moving average of $145.70 and a 200 day simple moving average of $139.49. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $154.63.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates 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 prior year, the business earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side 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 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 of this dividend is Monday, June 22nd. DTE Energy’s payout ratio is 76.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DTE shares. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Morgan Stanley set a $146.00 price target on shares of DTE Energy in a report on Thursday. Wells Fargo & Company reissued an “overweight” rating and issued a $160.00 price target on shares of DTE Energy in a report on Tuesday, April 21st. Truist Financial lowered their price target on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.