Quantitative Investment Management LLC Buys Shares of 9,533 DTE Energy Company $DTE

Quantitative Investment Management LLC purchased a new position in shares of DTE Energy Company (NYSE:DTE) during the third quarter, Holdings Channel.com reports. The fund purchased 9,533 shares of the utilities provider’s stock, valued at approximately $1,348,000.

Other hedge funds have also made changes to their positions in the company. AE Wealth Management LLC lifted its stake in DTE Energy by 5.0% in the third quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after buying an additional 5,658 shares during the last quarter. CWM LLC boosted its holdings in shares of DTE Energy by 50.5% during the third quarter. CWM LLC now owns 35,893 shares of the utilities provider’s stock valued at $5,076,000 after acquiring an additional 12,045 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of DTE Energy during the third quarter worth about $16,723,000. Bogart Wealth LLC grew its position in shares of DTE Energy by 49,181.8% during the third quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock worth $7,667,000 after acquiring an additional 54,100 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of DTE Energy in the 2nd quarter worth about $15,277,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 0.8%

DTE Energy stock opened at $147.67 on Friday. The firm has a market cap of $30.68 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.69 and a beta of 0.47. DTE Energy Company has a 1 year low of $123.69 and a 1 year high of $154.63. The firm’s 50 day moving average price is $139.26 and its two-hundred day moving average price is $137.12. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $3.39 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same quarter 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, research analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced 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. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio is currently 66.38%.

Wall Street Analyst Weigh In

DTE has been the topic of several recent research reports. Mizuho lifted their price objective on shares of DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. Citigroup boosted their price objective 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, 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.