American Century Companies Inc. Grows Holdings in DTE Energy Company $DTE

American Century Companies Inc. lifted its stake in shares of DTE Energy Company (NYSE:DTE) by 6.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 135,810 shares of the utilities provider’s stock after acquiring an additional 8,747 shares during the period. American Century Companies Inc. owned approximately 0.07% of DTE Energy worth $17,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Quintet Private Bank Europe S.A. bought a new stake in DTE Energy during the second quarter worth about $25,000. SouthState Corp bought a new position in shares of DTE Energy during the 1st quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy during the 2nd quarter valued at about $35,000. Financial Gravity Companies Inc. bought a new stake in DTE Energy in the 2nd quarter worth approximately $39,000. Finally, AlphaQuest LLC boosted its stake in DTE Energy by 28,600.0% in the first quarter. AlphaQuest LLC now owns 287 shares of the utilities provider’s stock worth $40,000 after buying an additional 286 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DTE has been the subject of a number of research reports. Barclays upped their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Scotiabank decreased their price objective on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Finally, Bank of America boosted their target price on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.17.

DTE Energy Trading Down 1.3%

NYSE DTE opened at $131.56 on Wednesday. The stock’s 50 day moving average is $138.63 and its 200 day moving average is $136.86. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $27.32 billion, a PE ratio of 19.75, a P/E/G ratio of 2.61 and a beta of 0.47. DTE Energy Company has a twelve month low of $116.30 and a twelve month high of $143.79.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. Research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.5%. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date is Monday, December 15th. DTE Energy’s dividend payout ratio is currently 65.47%.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.