Capital World Investors Buys 552,346 Shares of DTE Energy Company $DTE

Capital World Investors raised its stake in shares of DTE Energy Company (NYSE:DTE) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,851,237 shares of the utilities provider’s stock after buying an additional 552,346 shares during the quarter. Capital World Investors’ holdings in DTE Energy were worth $1,393,260,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DTE. Vanguard Group Inc. increased its holdings in shares of DTE Energy by 4.2% during the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after acquiring an additional 1,042,589 shares in the last quarter. State Street Corp boosted its stake in DTE Energy by 2.2% in the 2nd quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock worth $1,409,833,000 after purchasing an additional 222,353 shares in the last quarter. Geode Capital Management LLC grew its position in DTE Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock valued at $692,535,000 after purchasing an additional 154,594 shares during the last quarter. Invesco Ltd. grew its position in DTE Energy by 1.3% during the 2nd quarter. Invesco Ltd. now owns 2,387,012 shares of the utilities provider’s stock valued at $316,184,000 after purchasing an additional 31,635 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in DTE Energy by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 1,407,682 shares of the utilities provider’s stock valued at $186,462,000 after purchasing an additional 105,952 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Down 0.7%

Shares of DTE opened at $147.85 on Wednesday. DTE Energy Company has a 52-week low of $123.69 and a 52-week high of $154.63. 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 business has a fifty day moving average of $138.54 and a 200 day moving average of $136.98. The company has a market cap of $30.72 billion, a PE ratio of 21.06, a P/E/G ratio of 2.74 and a beta of 0.47.

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

DTE Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company reduced their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Morgan Stanley restated an “overweight” rating and issued a $153.00 price objective on shares of DTE Energy in a report on Friday, February 20th. Barclays cut their target price on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $157.00 price objective on shares of DTE Energy in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average target price of $151.31.

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.