Meiji Yasuda Asset Management Co Ltd. Purchases 4,580 Shares of DTE Energy Company $DTE

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of DTE Energy Company (NYSE:DTE) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,255 shares of the utilities provider’s stock after purchasing an additional 4,580 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in DTE Energy were worth $3,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. State Street Corp boosted its holdings in DTE Energy by 2.3% in the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after acquiring an additional 247,747 shares in the last quarter. Capital World Investors boosted its holdings in DTE Energy by 5.9% in 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings in DTE Energy by 12.1% in 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 in the last quarter. Finally, Boston Partners boosted its holdings 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. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 1.1%

Shares of NYSE:DTE opened at $145.30 on Friday. The company has a market cap of $30.23 billion, a P/E ratio of 23.94, a PEG ratio of 3.14 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The stock’s fifty day moving average price is $145.70 and its 200-day moving average price is $139.49.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the previous year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 22nd will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, June 22nd. DTE Energy’s dividend payout ratio is 76.77%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup boosted their target price on DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. BMO Capital Markets dropped their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a report on Thursday, March 26th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Weiss Ratings downgraded DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Finally, Bank of America reissued a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.25.

Insider Buying and Selling

In related news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

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.