DTE Energy Company $DTE Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in shares of DTE Energy Company (NYSE:DTE) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 302,304 shares of the utilities provider’s stock after purchasing an additional 12,026 shares during the quarter. Nordea Investment Management AB owned about 0.15% of DTE Energy worth $39,091,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of DTE Energy by 2.3% in the 3rd quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after buying an additional 247,747 shares in the last quarter. Capital World Investors grew its holdings in DTE Energy by 5.9% during the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after acquiring an additional 552,346 shares during the period. Ameriprise Financial Inc. grew its holdings in 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 acquiring an additional 602,602 shares during the period. Boston Partners raised its position in DTE Energy by 2.1% in the third quarter. Boston Partners now owns 2,556,911 shares of the utilities provider’s stock worth $361,625,000 after acquiring an additional 53,447 shares in the last quarter. Finally, Invesco Ltd. raised its position in DTE Energy by 2.4% in the third quarter. Invesco Ltd. now owns 2,445,469 shares of the utilities provider’s stock worth $345,863,000 after acquiring an additional 58,457 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 target price on shares of DTE Energy in a report on Friday, February 20th. Argus raised shares of DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Barclays raised their target price on shares of DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 17th. Finally, Mizuho lifted their price target on shares of DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. One equities 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’s stock. According to MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $152.92.

DTE Energy Stock Performance

Shares of DTE stock opened at $142.20 on Tuesday. The company has a market capitalization of $29.58 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.60 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 company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The stock’s fifty day simple moving average is $141.64 and its 200-day simple moving average is $137.60.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business earned $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, sell-side analysts predict that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be given a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio is 66.38%.

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.