DTE Energy Company $DTE Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 39.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 290,278 shares of the utilities provider’s stock after purchasing an additional 81,460 shares during the period. Nordea Investment Management AB’s holdings in DTE Energy were worth $40,987,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC increased its position in shares of DTE Energy by 29.8% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 70 shares during the period. Keybank National Association OH boosted its stake in shares of DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after buying an additional 72 shares during the period. Atria Investments Inc grew its position in shares of DTE Energy by 0.6% during the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after buying an additional 72 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of DTE Energy by 2.0% during the third quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock worth $529,000 after buying an additional 73 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in DTE Energy by 1.6% in the third quarter. D.A. Davidson & CO. now owns 4,871 shares of the utilities provider’s stock valued at $689,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the subject of several analyst reports. BMO Capital Markets lowered their price target on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. UBS Group lowered their target price on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $149.00 to $150.00 in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.33.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $133.86 on Thursday. DTE Energy Company has a 12 month low of $116.30 and a 12 month high of $143.79. The firm has a market capitalization of $27.80 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.42 and a beta of 0.49. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The company’s fifty day moving average price is $132.39 and its 200 day moving average price is $135.85.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the company posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts predict that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be paid a $1.165 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, December 15th. DTE Energy’s dividend payout ratio (DPR) is presently 69.97%.

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.