DTE Energy Company $DTE Stock Position Lifted by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its stake in DTE Energy Company (NYSE:DTE) by 48.1% in the second quarter, Holdings Channel reports. The institutional investor owned 108,085 shares of the utilities provider’s stock after acquiring an additional 35,113 shares during the quarter. Osaic Holdings Inc.’s holdings in DTE Energy were worth $14,423,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of DTE Energy by 4.2% in the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after acquiring an additional 1,042,589 shares during the last quarter. State Street Corp grew its stake in DTE Energy by 2.2% in the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock valued at $1,409,833,000 after purchasing an additional 222,353 shares in the last quarter. Geode Capital Management LLC increased its position in DTE Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock worth $692,535,000 after purchasing an additional 154,594 shares during the last quarter. Invesco Ltd. increased its position in DTE Energy by 1.3% in the 2nd quarter. Invesco Ltd. now owns 2,387,012 shares of the utilities provider’s stock worth $316,184,000 after purchasing an additional 31,635 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of DTE Energy by 0.5% during the 1st quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock worth $253,979,000 after purchasing an additional 9,664 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DTE shares. Barclays boosted their price target on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. UBS Group dropped their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Wells Fargo & Company upgraded shares of DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Morgan Stanley set a $138.00 target price on DTE Energy in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

DTE Energy Trading Up 0.8%

DTE Energy stock opened at $129.98 on Friday. DTE Energy Company has a 52 week low of $116.30 and a 52 week high of $143.79. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. The firm has a market capitalization of $26.99 billion, a PE ratio of 19.52, a PEG ratio of 2.53 and a beta of 0.47. The business’s 50-day simple moving average is $136.25 and its 200-day simple moving average is $136.34.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.15. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same quarter in the prior year, the company earned $2.22 EPS. 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. Equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $1.165 dividend. The ex-dividend date is Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a dividend yield of 3.6%. DTE Energy’s dividend payout ratio is 69.97%.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.