Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in DTE Energy Company $DTE

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of DTE Energy Company (NYSE:DTE) during the first quarter, HoldingsChannel reports. The fund acquired 57,550 shares of the utilities provider’s stock, valued at approximately $8,415,000.

Other hedge funds also recently bought and sold shares of the company. Peregrine Asset Advisers Inc. bought a new position in DTE Energy during the first quarter valued at approximately $2,079,000. Keybank National Association OH raised its stake in shares of DTE Energy by 5.6% during the first quarter. Keybank National Association OH now owns 5,425 shares of the utilities provider’s stock worth $793,000 after acquiring an additional 288 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of DTE Energy by 57.9% in the 1st quarter. Root Financial Partners LLC now owns 281 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 103 shares during the last quarter. Capital Asset Advisory Services LLC lifted its holdings in shares of DTE Energy by 31.4% in the 1st quarter. Capital Asset Advisory Services LLC now owns 3,762 shares of the utilities provider’s stock worth $549,000 after acquiring an additional 899 shares during the last quarter. Finally, USS Investment Management Ltd boosted its stake in shares of DTE Energy by 7.8% in the 1st quarter. USS Investment Management Ltd now owns 34,925 shares of the utilities provider’s stock valued at $5,106,000 after purchasing an additional 2,531 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE:DTE opened at $153.90 on Friday. The firm has a market cap of $32.02 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 3.36 and a beta of 0.38. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $155.06. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The business has a 50 day moving average price of $146.15 and a 200-day moving average price of $142.16.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts predict that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on DTE. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.00 target price on shares of DTE Energy in a report on Wednesday, April 8th. Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Bank of America restated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $150.00 price objective on shares of DTE Energy in a research note on Wednesday, June 24th. Finally, Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.