DTE Energy Company $DTE Holdings Lifted by AE Wealth Management LLC

AE Wealth Management LLC grew its position in DTE Energy Company (NYSE:DTE) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,173 shares of the utilities provider’s stock after purchasing an additional 4,652 shares during the period. AE Wealth Management LLC owned approximately 0.06% of DTE Energy worth $15,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DTE. Millennium Management LLC boosted its position in shares of DTE Energy by 810.6% during the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after acquiring an additional 742,056 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of DTE Energy by 176.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after acquiring an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after acquiring an additional 602,602 shares in the last quarter. Capital World Investors boosted its position in shares of DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after acquiring an additional 552,346 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of DTE Energy by 226.8% during the 3rd quarter. National Bank of Canada FI now owns 488,195 shares of the utilities provider’s stock valued at $69,045,000 after acquiring an additional 338,824 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

DTE has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $170.00 target price on shares of DTE Energy in a research report on Wednesday, April 8th. Morgan Stanley restated an “overweight” rating and issued a $153.00 price target on shares of DTE Energy in a research report on Friday, February 20th. Wells Fargo & Company reduced their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Citigroup boosted their price target on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $153.58.

DTE Energy Stock Performance

Shares of DTE stock opened at $147.08 on Friday. The stock has a market cap of $30.60 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.70 and a beta of 0.43. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. The company has a fifty day moving average price of $146.17 and a two-hundred day moving average price of $138.96. DTE Energy Company has a one year low of $126.23 and a one year high of $154.63.

DTE Energy (NYSE:DTE) last announced its quarterly 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 firm 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 quarter last year, the company posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts predict that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th were paid a $1.165 dividend. The ex-dividend date was Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is currently 66.38%.

DTE Energy 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.