DTE Energy Company $DTE Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of DTE Energy Company (NYSE:DTEFree Report) by 32.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,716 shares of the utilities provider’s stock after purchasing an additional 5,850 shares during the period. Oregon Public Employees Retirement Fund’s holdings in DTE Energy were worth $3,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DTE. Quintet Private Bank Europe S.A. purchased a new position in DTE Energy during the second quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new position in shares of DTE Energy during the 3rd quarter worth $28,000. Clean Yield Group purchased a new position in shares of DTE Energy during the 3rd quarter worth $28,000. Capital A Wealth Management LLC boosted its position in shares of DTE Energy by 5,775.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 231 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of DTE Energy in the second quarter valued at about $32,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $149.00 to $150.00 in a research note on Thursday, December 11th. Barclays lifted their target price on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price target on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.33.

Read Our Latest Report on DTE Energy

DTE Energy Stock Up 0.2%

Shares of NYSE DTE opened at $129.90 on Monday. 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 business’s 50 day moving average is $132.49 and its two-hundred day moving average is $135.87. DTE Energy Company has a 52-week low of $116.30 and a 52-week high of $143.79. The firm has a market cap of $26.98 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.38 and a beta of 0.49.

DTE Energy (NYSE:DTEGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share 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 during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous 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 predict that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $1.165 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. DTE Energy’s dividend payout ratio is currently 69.97%.

Key DTE Energy News

Here are the key news stories impacting DTE Energy this week:

DTE Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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