Pictet Asset Management Holding SA Lowers Stock Holdings in DTE Energy Company $DTE

Pictet Asset Management Holding SA lessened its stake in DTE Energy Company (NYSE:DTE) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 583,536 shares of the utilities provider’s stock after selling 12,435 shares during the period. Pictet Asset Management Holding SA’s holdings in DTE Energy were worth $85,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of DTE Energy in the 1st quarter valued at approximately $203,000. Louisiana State Employees Retirement System purchased a new stake in shares of DTE Energy during the first quarter worth approximately $1,550,000. First American Bank raised its stake in shares of DTE Energy by 0.8% during the first quarter. First American Bank now owns 13,172 shares of the utilities provider’s stock worth $1,926,000 after purchasing an additional 108 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of DTE Energy during the first quarter worth $215,000. Finally, Kestra Private Wealth Services LLC grew its position in DTE Energy by 51.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,947 shares of the utilities provider’s stock valued at $1,455,000 after buying an additional 3,396 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Mizuho set a $165.00 price objective on shares of DTE Energy in a research report on Friday, May 1st. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. BMO Capital Markets dropped their target price 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. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

DTE Energy Stock Performance

Shares of DTE opened at $154.15 on Tuesday. 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 cap of $32.07 billion, a P/E ratio of 25.39, a PEG ratio of 3.37 and a beta of 0.39. The company has a 50-day moving average of $145.53 and a two-hundred day moving average of $141.61. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $155.06.

DTE Energy (NYSE:DTE) last announced its quarterly 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 business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations 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 company earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts predict that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a yield of 3.0%. DTE Energy’s dividend payout ratio is presently 76.77%.

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.