Massachusetts Financial Services Co. MA Sells 87,091 Shares of DTE Energy Company $DTE

Massachusetts Financial Services Co. MA cut its holdings in DTE Energy Company (NYSE:DTE) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,213,915 shares of the utilities provider’s stock after selling 87,091 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.58% of DTE Energy worth $156,571,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DTE. Millennium Management LLC raised its holdings in DTE Energy by 810.6% in the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after purchasing an additional 742,056 shares during the period. Raymond James Financial Inc. raised its holdings in DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after purchasing an additional 648,007 shares during the period. Ameriprise Financial Inc. raised its holdings 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 during the period. Capital World Investors raised its holdings 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 during the period. Finally, National Bank of Canada FI raised its holdings in DTE Energy by 226.8% in the third quarter. National Bank of Canada FI now owns 488,195 shares of the utilities provider’s stock worth $69,045,000 after purchasing an additional 338,824 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.1%

Shares of NYSE:DTE opened at $149.82 on Monday. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $154.63. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93. The company’s fifty day simple moving average is $144.95 and its 200 day simple moving average is $138.67. The firm has a market cap of $31.17 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.75 and a beta of 0.43.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the business posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts forecast that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued 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 is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.38%.

Analyst Ratings Changes

DTE has been the topic of several analyst reports. Wells Fargo & Company cut their target price on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a report on Wednesday. Barclays increased their target price on shares of DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 17th. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $153.00 target price on shares of DTE Energy in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.58.

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.