DTE Energy Company $DTE Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in DTE Energy Company (NYSE:DTE) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,270 shares of the utilities provider’s stock after acquiring an additional 4,590 shares during the quarter. Victory Capital Management Inc.’s holdings in DTE Energy were worth $51,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Global Wealth Strategies & Associates purchased a new position in DTE Energy in the third quarter valued at about $28,000. Clean Yield Group purchased a new stake in shares of DTE Energy during the 3rd quarter worth about $28,000. Cloud Capital Management LLC purchased a new stake in shares of DTE Energy during the 3rd quarter worth about $28,000. Capital A Wealth Management LLC lifted its holdings in shares of DTE Energy by 5,775.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after buying an additional 231 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

DTE has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Jefferies Financial Group boosted their target price on shares of DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. UBS Group dropped their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. Finally, Citigroup lifted their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.31.

DTE Energy Stock Up 1.1%

Shares of DTE Energy stock opened at $150.28 on Friday. DTE Energy Company has a 12-month low of $123.69 and a 12-month high of $154.63. The stock has a market capitalization of $31.23 billion, a P/E ratio of 21.41, a PEG ratio of 2.73 and a beta of 0.47. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93. The stock has a 50 day moving average price of $137.79 and a two-hundred day moving average price of $136.91.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $3.39 billion. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. During the same period in the previous year, the company earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities analysts expect that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be issued a dividend of $1.165 per share. The ex-dividend date is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s payout ratio is 66.38%.

DTE Energy Company 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.