Magellan Asset Management Ltd Purchases 25,437 Shares of DTE Energy Company $DTE

Magellan Asset Management Ltd lifted its position in shares of DTE Energy Company (NYSE:DTE) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,232 shares of the utilities provider’s stock after buying an additional 25,437 shares during the quarter. Magellan Asset Management Ltd owned approximately 0.08% of DTE Energy worth $23,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DTE. Empowered Funds LLC increased its position in DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after purchasing an additional 6,614 shares during the period. Woodline Partners LP lifted its position in shares of DTE Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares during the period. Intech Investment Management LLC boosted its stake in shares of DTE Energy by 6.5% during the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after purchasing an additional 773 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in DTE Energy during the second quarter valued at approximately $203,000. Finally, D.A. Davidson & CO. raised its stake in DTE Energy by 2.5% in the second quarter. D.A. Davidson & CO. now owns 4,793 shares of the utilities provider’s stock worth $635,000 after buying an additional 117 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 0.2%

NYSE:DTE opened at $146.14 on Wednesday. The company has a market capitalization of $30.37 billion, a P/E ratio of 20.82, a PEG 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. DTE Energy Company has a 12 month low of $123.69 and a 12 month high of $154.63. The firm has a fifty day simple moving average of $134.67 and a 200-day simple moving average of $136.38.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (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 firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the firm earned $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on DTE. BMO Capital Markets reaffirmed a “market perform” rating and set a $157.00 target price on shares of DTE Energy in a research report on Thursday, February 19th. Citigroup upped their price objective on DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Barclays decreased their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.31.

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.