Aberdeen Group plc Acquires 11,972 Shares of DTE Energy Company $DTE

Aberdeen Group plc lifted its holdings in shares of DTE Energy Company (NYSE:DTE) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,436 shares of the utilities provider’s stock after acquiring an additional 11,972 shares during the period. Aberdeen Group plc owned approximately 0.05% of DTE Energy worth $13,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DTE. Millennium Management LLC lifted its position in shares of DTE Energy by 810.6% during the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after purchasing an additional 742,056 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after purchasing an additional 602,602 shares in the last quarter. Capital World Investors lifted its position in shares of DTE Energy by 5.9% during the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after purchasing an additional 552,346 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of DTE Energy by 226.8% during the third quarter. National Bank of Canada FI now owns 488,195 shares of the utilities provider’s stock valued at $69,045,000 after purchasing an additional 338,824 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Performance

NYSE:DTE opened at $148.24 on Wednesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. DTE Energy Company has a 52-week low of $123.69 and a 52-week high of $154.63. The firm has a market cap of $30.84 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.72 and a beta of 0.43. The business’s fifty day moving average is $144.06 and its 200 day moving average is $138.41.

DTE Energy (NYSE:DTE) last released its quarterly earnings data 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. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the company posted $1.51 EPS. DTE Energy has set 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.38%.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research report on Thursday, March 26th. Mizuho upped their price objective on DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. UBS Group reduced their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group upped their price objective on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.17.

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.