Allstate Corp Buys New Stake in DTE Energy Company $DTE

Allstate Corp bought a new position in shares of DTE Energy Company (NYSE:DTE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,642 shares of the utilities provider’s stock, valued at approximately $1,081,000.

A number of other institutional investors have also made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in DTE Energy during the 3rd quarter valued at approximately $31,000. Maryland State Retirement & Pension System lifted its holdings in shares of DTE Energy by 5.3% during the third quarter. Maryland State Retirement & Pension System now owns 10,602 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 531 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of DTE Energy by 15.8% in the third quarter. Sequoia Financial Advisors LLC now owns 17,573 shares of the utilities provider’s stock valued at $2,485,000 after acquiring an additional 2,392 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of DTE Energy in the third quarter valued at approximately $565,000. Finally, Conning Inc. acquired a new stake in shares of DTE Energy in the third quarter worth $205,000. 76.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating and set a $142.00 target price on shares of DTE Energy in a research report on Wednesday. UBS Group cut their price target on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Finally, Wells Fargo & Company reduced their price objective on DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.67.

DTE Energy Stock Up 1.1%

Shares of NYSE DTE opened at $137.07 on Thursday. DTE Energy Company has a 52-week low of $116.30 and a 52-week high of $143.79. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. The business has a fifty day moving average of $132.16 and a two-hundred day moving average of $136.00. The stock has a market cap of $28.47 billion, a PE ratio of 20.58, a PEG ratio of 2.49 and a beta of 0.49.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter last year, the company posted $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, December 15th. DTE Energy’s dividend payout ratio is presently 69.97%.

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.