Invesco Ltd. Buys 31,635 Shares of DTE Energy Company $DTE

Invesco Ltd. boosted its stake in DTE Energy Company (NYSE:DTE) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,387,012 shares of the utilities provider’s stock after acquiring an additional 31,635 shares during the quarter. Invesco Ltd.’s holdings in DTE Energy were worth $316,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of DTE Energy by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after purchasing an additional 1,042,589 shares during the period. Geode Capital Management LLC raised 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 valued at $692,535,000 after buying an additional 154,594 shares during the last quarter. Northern Trust Corp lifted its stake in DTE Energy by 0.5% in the 1st quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after acquiring an additional 9,664 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in DTE Energy by 65.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after acquiring an additional 637,378 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of DTE Energy by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 1,407,682 shares of the utilities provider’s stock worth $186,462,000 after acquiring an additional 105,952 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DTE shares. Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Morgan Stanley set a $144.00 price target on shares of DTE Energy in a research report on Thursday, November 20th. Jefferies Financial Group restated a “hold” rating and issued a $149.00 price objective on shares of DTE Energy in a report on Monday, November 3rd. Barclays upped their target price on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, UBS Group raised their price target on DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.17.

DTE Energy Trading Down 0.7%

Shares of NYSE:DTE opened at $131.26 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 company has a market capitalization of $27.26 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.57 and a beta of 0.47. The company has a 50-day simple moving average of $138.24 and a 200 day simple moving average of $136.74.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the company earned $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. Sell-side analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $1.165 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date is Monday, December 15th. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. DTE Energy’s dividend payout ratio (DPR) is currently 65.47%.

DTE Energy Company 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.