Carnegie Investment Counsel Acquires 7,808 Shares of DTE Energy Company $DTE

Carnegie Investment Counsel lifted its stake in DTE Energy Company (NYSE:DTE) by 175.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,250 shares of the utilities provider’s stock after purchasing an additional 7,808 shares during the period. Carnegie Investment Counsel’s holdings in DTE Energy were worth $1,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of DTE Energy by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after buying an additional 1,042,589 shares during the period. Raymond James Financial Inc. grew its holdings in DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares during the period. Goldman Sachs Group Inc. increased its stake in DTE Energy by 65.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after purchasing an additional 637,378 shares in the last quarter. State Street Corp raised its holdings in DTE Energy by 2.2% in the second 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 during the period. Finally, Panagora Asset Management Inc. boosted its position in shares of DTE Energy by 18.8% during the second quarter. Panagora Asset Management Inc. now owns 1,186,434 shares of the utilities provider’s stock worth $157,155,000 after purchasing an additional 187,875 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.3%

DTE stock opened at $129.15 on Monday. 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 stock has a market capitalization of $26.82 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.53 and a beta of 0.47. DTE Energy Company has a fifty-two week low of $116.30 and a fifty-two week high of $143.79. The business has a 50-day moving average of $134.71 and a 200-day moving average of $136.12.

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, beating 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 quarter last year, the firm earned $2.22 EPS. 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, sell-side 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. Investors of record on Monday, December 15th will be issued a dividend of $1.165 per share. The ex-dividend date is Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a yield of 3.6%. DTE Energy’s dividend payout ratio is currently 69.97%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DTE. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $149.00 to $150.00 in a research note on Thursday, December 11th. BMO Capital Markets dropped their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 24th. Bank of America lifted their price objective on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $148.33.

About DTE Energy

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.