Marshall Wace LLP Acquires 116,247 Shares of DTE Energy Company $DTE

Marshall Wace LLP increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 2,447.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 120,996 shares of the utilities provider’s stock after purchasing an additional 116,247 shares during the period. Marshall Wace LLP’s holdings in DTE Energy were worth $16,027,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy during the second quarter worth about $25,000. SouthState Corp acquired a new stake in shares of DTE Energy in the 1st quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy during the 2nd quarter valued at approximately $35,000. Financial Gravity Companies Inc. acquired a new position in DTE Energy during the 2nd quarter worth approximately $39,000. Finally, AlphaQuest LLC increased its position in DTE Energy by 28,600.0% during the 1st quarter. AlphaQuest LLC now owns 287 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 286 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $130.27 on Wednesday. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.55 and a beta of 0.47. DTE Energy Company has a twelve month low of $116.30 and a twelve month high of $143.79. The company’s fifty day moving average is $137.80 and its 200 day moving average is $136.66. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last 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. Sell-side analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

DTE has been the topic of a number of research analyst reports. Scotiabank cut their target price on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group boosted their price objective on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, BMO Capital Markets increased their target price on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.17.

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.