Vestmark Advisory Solutions Inc. Takes $752,000 Position in DTE Energy Company $DTE

Vestmark Advisory Solutions Inc. bought a new position in shares of DTE Energy Company (NYSE:DTE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,317 shares of the utilities provider’s stock, valued at approximately $752,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its holdings 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 purchasing an additional 70 shares during the last quarter. Keybank National Association OH boosted its stake in DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after buying an additional 72 shares during the last quarter. Atria Investments Inc grew its holdings in DTE Energy by 0.6% in the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after buying an additional 72 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of DTE Energy by 2.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 73 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of DTE Energy by 1.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 75 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DTE shares. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. dropped their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Citigroup increased their target price on DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group lifted their target price on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average price target of $151.31.

DTE Energy Stock Up 0.4%

Shares of DTE Energy stock opened at $146.55 on Friday. DTE Energy Company has a twelve month low of $123.69 and a twelve month high of $154.63. The stock has a market cap of $30.45 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.68 and a beta of 0.49. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The company has a fifty day moving average price of $135.35 and a 200 day moving average price of $136.52.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company posted $1.51 earnings per share. DTE Energy has set 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 fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a $1.165 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. DTE Energy’s dividend payout ratio is currently 66.38%.

DTE Energy 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.