Swiss Life Asset Management Ltd Buys 5,480 Shares of DTE Energy Company $DTE

Swiss Life Asset Management Ltd boosted its stake in shares of DTE Energy Company (NYSE:DTE) by 39.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,292 shares of the utilities provider’s stock after buying an additional 5,480 shares during the period. Swiss Life Asset Management Ltd’s holdings in DTE Energy were worth $2,728,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DTE. Global Wealth Strategies & Associates purchased a new position in shares of DTE Energy in the 3rd quarter worth about $28,000. Clean Yield Group purchased a new position in DTE Energy in the third quarter worth about $28,000. Cloud Capital Management LLC purchased a new position in DTE Energy in the third quarter worth about $28,000. Capital A Wealth Management LLC lifted its stake in shares of DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after buying an additional 231 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of DTE Energy during the third quarter valued at approximately $31,000. 76.06% of the stock is owned by institutional investors.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $141.96 on Monday. The firm’s 50 day moving average price is $141.40 and its 200-day moving average price is $137.56. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $29.53 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.60 and a beta of 0.47. DTE Energy Company has a twelve month low of $123.69 and a twelve month high of $154.63.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $3.39 billion. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. During the same period in the prior year, the company earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be given a dividend of $1.165 per share. The ex-dividend date is Monday, March 16th. This represents a $4.66 annualized dividend and a yield of 3.3%. DTE Energy’s payout ratio is 66.38%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. Jefferies Financial Group increased their target price on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. BMO Capital Markets reissued a “market perform” rating and issued a $157.00 target price on shares of DTE Energy in a report on Thursday, February 19th. JPMorgan Chase & Co. decreased their price target on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, Argus raised DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.92.

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.