Arrowstreet Capital Limited Partnership Raises Position in DTE Energy Company $DTE

Arrowstreet Capital Limited Partnership increased its holdings in DTE Energy Company (NYSE:DTE) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 558,826 shares of the utilities provider’s stock after purchasing an additional 29,791 shares during the period. Arrowstreet Capital Limited Partnership owned 0.27% of DTE Energy worth $74,022,000 as of its most recent SEC filing.

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

DTE Energy Stock Performance

Shares of DTE stock opened at $132.16 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The company’s fifty day moving average price is $138.40 and its two-hundred day moving average price is $136.80. The firm has a market capitalization of $27.45 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.61 and a beta of 0.47. DTE Energy Company has a 12 month low of $116.30 and a 12 month high of $143.79.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the company earned $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. On average, research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. UBS Group increased their target price on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Morgan Stanley set a $144.00 price target on DTE Energy in a research report on Thursday, November 20th. BMO Capital Markets upped their price target on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.17.

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.