DTE Energy Company $DTE Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in DTE Energy Company (NYSE:DTE) by 44.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,845 shares of the utilities provider’s stock after purchasing an additional 57,698 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of DTE Energy worth $24,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AE Wealth Management LLC increased its stake in DTE Energy by 5.0% in the 3rd quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after buying an additional 5,658 shares during the period. CWM LLC lifted its position in DTE Energy by 50.5% in the 3rd quarter. CWM LLC now owns 35,893 shares of the utilities provider’s stock worth $5,076,000 after buying an additional 12,045 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of DTE Energy during the 3rd quarter valued at $16,723,000. Bogart Wealth LLC boosted its stake in shares of DTE Energy by 49,181.8% during the 3rd quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock valued at $7,667,000 after buying an additional 54,100 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in shares of DTE Energy during the 2nd quarter valued at $15,277,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

DTE Energy stock opened at $148.03 on Friday. The business’s fifty day moving average is $143.59 and its two-hundred day moving average is $138.19. 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 firm has a market cap of $30.79 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.72 and a beta of 0.43. DTE Energy Company has a 52 week low of $123.69 and a 52 week high of $154.63.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (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 return on equity of 12.72% and a net margin of 9.24%.During the same period in the previous year, the business posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is currently 66.38%.

Analyst Ratings Changes

DTE has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Argus upgraded DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Barclays raised their price target on DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 17th. Finally, Citigroup lifted their price target on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.17.

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.