First Trust Advisors LP Increases Holdings in DTE Energy Company $DTE

First Trust Advisors LP increased its position in shares of DTE Energy Company (NYSE:DTE) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 805,251 shares of the utilities provider’s stock after purchasing an additional 79,956 shares during the quarter. First Trust Advisors LP owned 0.39% of DTE Energy worth $113,887,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AE Wealth Management LLC lifted its stake in DTE Energy by 5.0% during the 3rd quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after acquiring an additional 5,658 shares during the period. CWM LLC increased its stake in shares of DTE Energy by 50.5% in the third quarter. CWM LLC now owns 35,893 shares of the utilities provider’s stock worth $5,076,000 after acquiring an additional 12,045 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of DTE Energy during the third quarter worth $16,723,000. Bogart Wealth LLC raised its holdings in shares of DTE Energy by 49,181.8% during the third quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock worth $7,667,000 after purchasing an additional 54,100 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in DTE Energy during the second quarter valued at $15,277,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday. Argus raised DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. lowered their target price on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $151.31.

DTE Energy Price Performance

DTE Energy stock opened at $150.28 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. The company’s fifty day moving average price is $137.79 and its 200 day moving average price is $136.86. The stock has a market capitalization of $31.23 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.76 and a beta of 0.47. DTE Energy Company has a 1 year low of $123.69 and a 1 year high of $154.63.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.13. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, March 16th. DTE Energy’s payout ratio is presently 66.38%.

DTE Energy Company Profile

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.