American Century Companies Inc. Buys 8,747 Shares of DTE Energy Company $DTE

American Century Companies Inc. raised its stake in shares of DTE Energy Company (NYSE:DTE) by 6.9% in the second quarter, Holdings Channel reports. The institutional investor owned 135,810 shares of the utilities provider’s stock after buying an additional 8,747 shares during the quarter. American Century Companies Inc.’s holdings in DTE Energy were worth $17,990,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DTE. AlphaCore Capital LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth about $281,000. Mufg Securities Americas Inc. raised its holdings in DTE Energy by 25.4% in the second quarter. Mufg Securities Americas Inc. now owns 4,599 shares of the utilities provider’s stock worth $609,000 after buying an additional 931 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of DTE Energy by 21.1% in the second quarter. Mediolanum International Funds Ltd now owns 162,941 shares of the utilities provider’s stock worth $21,446,000 after buying an additional 28,382 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of DTE Energy in the second quarter worth approximately $17,912,000. Finally, Legal & General Group Plc grew its holdings in shares of DTE Energy by 8.1% during the second quarter. Legal & General Group Plc now owns 1,407,682 shares of the utilities provider’s stock valued at $186,462,000 after buying an additional 105,952 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $131.56 on Wednesday. The company has a market capitalization of $27.32 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.61 and a beta of 0.47. DTE Energy Company has a 1-year low of $116.30 and a 1-year high of $143.79. The firm’s 50 day simple moving average is $138.63 and its two-hundred day simple moving average is $136.86. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same quarter in the previous year, the company earned $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. Research analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $1.165 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, December 15th. DTE Energy’s dividend payout ratio (DPR) is 65.47%.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Barclays increased their price objective on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Finally, BMO Capital Markets upped their target price on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $149.17.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.