Ameriprise Financial Inc. Boosts Stock Position in DTE Energy Company $DTE

Ameriprise Financial Inc. raised its holdings in DTE Energy Company (NYSE:DTE) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,571,081 shares of the utilities provider’s stock after acquiring an additional 602,602 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.68% of DTE Energy worth $788,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates purchased a new stake in shares of DTE Energy during the third quarter valued at $28,000. Clean Yield Group purchased a new position in DTE Energy in the 3rd quarter worth about $28,000. Cloud Capital Management LLC purchased a new position in DTE Energy in the 3rd quarter worth about $28,000. Capital A Wealth Management LLC lifted its holdings in DTE Energy by 5,775.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after buying an additional 231 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in DTE Energy in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup upped their target price on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Argus raised shares of DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Barclays lowered their price target on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. JPMorgan Chase & Co. reduced their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Finally, Mizuho raised their price objective on DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.31.

DTE Energy Trading Up 1.3%

NYSE DTE opened at $149.55 on Friday. DTE Energy Company has a one year low of $123.69 and a one year high of $154.63. 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 company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.47. The company’s 50-day simple moving average is $139.64 and its two-hundred day simple moving average is $137.19.

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

DTE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a dividend of $1.165 per share. The ex-dividend date is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. DTE Energy’s dividend payout ratio is currently 66.38%.

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.