Magellan Asset Management Ltd Acquires 50,872 Shares of DTE Energy Company $DTE

Magellan Asset Management Ltd boosted its stake in DTE Energy Company (NYSE:DTE) by 30.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,150 shares of the utilities provider’s stock after purchasing an additional 50,872 shares during the period. Magellan Asset Management Ltd’s holdings in DTE Energy were worth $32,190,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in DTE Energy by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 63,256 shares of the utilities provider’s stock worth $9,249,000 after buying an additional 3,006 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of DTE Energy in the 1st quarter valued at about $88,000. Convergence Investment Partners LLC acquired a new stake in shares of DTE Energy in the first quarter valued at about $3,142,000. Dimensional Fund Advisors LP increased its stake in shares of DTE Energy by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 816,206 shares of the utilities provider’s stock valued at $119,345,000 after buying an additional 24,729 shares during the period. Finally, Scarborough Advisors LLC bought a new position in shares of DTE Energy during the first quarter worth about $129,000. 76.06% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were 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 directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Barclays decreased their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. TD Cowen began coverage on shares of DTE Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price target for the company. BMO Capital Markets dropped their price target on shares of DTE Energy from $154.00 to $152.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Finally, Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $158.69.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $144.91 on Wednesday. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The stock’s 50 day moving average is $147.12 and its 200-day moving average is $143.96. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $30.15 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 3.19 and a beta of 0.38.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to analyst estimates 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 business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is currently 76.77%.

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.