Massachusetts Financial Services Co. MA Sells 74,962 Shares of DTE Energy Company $DTE

Massachusetts Financial Services Co. MA lowered its position in DTE Energy Company (NYSE:DTE) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,301,006 shares of the utilities provider’s stock after selling 74,962 shares during the period. Massachusetts Financial Services Co. MA owned 0.63% of DTE Energy worth $184,001,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Clean Yield Group bought a new position in DTE Energy in the third quarter worth $28,000. Global Wealth Strategies & Associates purchased a new stake in shares of DTE Energy in the 3rd quarter worth about $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of DTE Energy in the 3rd quarter worth about $31,000. Capital A Wealth Management LLC lifted its position in 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 period. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in DTE Energy during the second quarter worth about $32,000. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Barclays cut their price target on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Thursday. Jefferies Financial Group upgraded DTE Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $149.00 to $150.00 in a research note on Thursday, December 11th. Bank of America increased their target price on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, BMO Capital Markets reduced their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.75.

DTE Energy Stock Performance

Shares of DTE opened at $135.51 on Tuesday. The company has a market cap of $28.14 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 2.49 and a beta of 0.49. The business’s fifty day simple moving average is $132.31 and its two-hundred day simple moving average is $135.95. DTE Energy Company has a 12 month low of $116.30 and a 12 month high of $143.79. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping 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 firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the business 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. Research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s payout ratio is 69.97%.

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.