Wedge Capital Management L L P NC Purchases 4,339 Shares of DTE Energy Company $DTE

Wedge Capital Management L L P NC lifted its holdings in DTE Energy Company (NYSE:DTE) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,581 shares of the utilities provider’s stock after acquiring an additional 4,339 shares during the period. Wedge Capital Management L L P NC owned approximately 0.06% of DTE Energy worth $15,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Millennium Management LLC boosted its position in shares of DTE Energy by 810.6% during the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after purchasing an additional 742,056 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after acquiring an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after purchasing an additional 602,602 shares during the period. Capital World Investors grew its position in DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after purchasing an additional 552,346 shares during the period. Finally, National Bank of Canada FI increased its stake in DTE Energy by 226.8% during the 3rd quarter. National Bank of Canada FI now owns 488,195 shares of the utilities provider’s stock valued at $69,045,000 after purchasing an additional 338,824 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $144.52 on Friday. The business’s fifty day simple moving average is $142.43 and its 200 day simple moving average is $137.81. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. DTE Energy Company has a 12 month low of $123.69 and a 12 month high of $154.63. The firm has a market capitalization of $30.06 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.39 billion. During the same period in the previous year, the business posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

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

Wall Street Analyst Weigh In

DTE has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. UBS Group decreased their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. BMO Capital Markets cut their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research report on Thursday. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Citigroup raised their price objective on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.17.

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.