CIBC Asset Management Inc Grows Holdings in DTE Energy Company $DTE

CIBC Asset Management Inc grew its stake in DTE Energy Company (NYSE:DTE) by 58.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 53,763 shares of the utilities provider’s stock after acquiring an additional 19,755 shares during the period. CIBC Asset Management Inc’s holdings in DTE Energy were worth $6,934,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of DTE Energy in the 4th quarter valued at approximately $25,000. Quest 10 Wealth Builders Inc. raised its stake in shares of DTE Energy by 754.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares during the period. Torren Management LLC acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in DTE Energy during the 4th quarter worth approximately $29,000. Finally, Asset Dedication LLC lifted its holdings in DTE Energy by 88.4% during the 3rd quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after buying an additional 107 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

DTE Energy Trading Up 2.1%

Shares of DTE Energy stock opened at $145.80 on Friday. The company has a fifty day simple moving average of $145.17 and a 200-day simple moving average of $139.98. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.63. 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 $30.33 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.12 and a beta of 0.39.

DTE Energy (NYSE:DTE) last issued 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). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates 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. On average, equities analysts forecast 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 Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be issued a $1.165 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio is presently 76.77%.

Analyst Ratings Changes

Several brokerages have commented on DTE. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. dropped their price target on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Wells Fargo & Company restated an “overweight” rating and issued a $160.00 price target on shares of DTE Energy in a research note on Tuesday, April 21st. Finally, Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $156.25.

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.