Pacer Advisors Inc. Increases Stock Holdings in DTE Energy Company $DTE

Pacer Advisors Inc. increased its stake in shares of DTE Energy Company (NYSE:DTE) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,563 shares of the utilities provider’s stock after buying an additional 7,059 shares during the quarter. Pacer Advisors Inc.’s holdings in DTE Energy were worth $3,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantitative Investment Management LLC bought a new position in shares of DTE Energy during the third quarter valued at about $1,348,000. First Trust Advisors LP grew its position in DTE Energy by 11.0% in the 3rd quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after purchasing an additional 79,956 shares in the last quarter. TD Asset Management Inc increased its stake in DTE Energy by 2.9% in the 3rd quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider’s stock valued at $34,042,000 after buying an additional 6,779 shares during the last quarter. Victory Capital Management Inc. increased its stake in DTE Energy by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock valued at $51,236,000 after buying an additional 4,590 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of DTE Energy by 58.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock worth $8,525,000 after buying an additional 24,071 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America restated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Argus upgraded DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Truist Financial cut their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Morgan Stanley set a $146.00 price objective on DTE Energy in a research note on Thursday, May 21st. One equities research 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 company’s stock. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $156.67.

DTE Energy Trading Up 1.8%

Shares of DTE stock opened at $149.44 on Wednesday. The company has a 50 day moving average of $145.06 and a 200-day moving average of $140.98. 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 Company has a 12-month low of $126.23 and a 12-month high of $154.63. The firm has a market cap of $31.09 billion, a P/E ratio of 24.62, a PEG ratio of 3.21 and a beta of 0.39.

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

DTE Energy Announces Dividend

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

Insider Buying and Selling at DTE Energy

In other 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 completion of the transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

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.