Edgestream Partners L.P. Purchases New Holdings in DTE Energy Company $DTE

Edgestream Partners L.P. acquired a new position in shares of DTE Energy Company (NYSE:DTE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,931 shares of the utilities provider’s stock, valued at approximately $2,508,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of DTE Energy during the 1st quarter worth $370,000. Empower Advisory Group LLC bought a new stake in DTE Energy during the first quarter worth about $255,000. iA Global Asset Management Inc. acquired a new stake in DTE Energy during the first quarter worth about $393,000. Intrust Bank NA grew its stake in DTE Energy by 4.1% during the first quarter. Intrust Bank NA now owns 8,667 shares of the utilities provider’s stock worth $1,198,000 after buying an additional 338 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in DTE Energy in the 1st quarter valued at about $228,000. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of DTE opened at $132.16 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. The stock has a market cap of $27.45 billion, a PE ratio of 19.84, a PEG ratio of 2.61 and a beta of 0.47. DTE Energy Company has a 12-month low of $116.30 and a 12-month high of $143.79. The business has a 50-day simple moving average of $138.40 and a two-hundred day simple moving average of $136.80.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the business posted $2.22 earnings per share. 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. Analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, December 15th. 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%. DTE Energy’s payout ratio is 65.47%.

Wall Street Analyst Weigh In

DTE has been the subject of a number of recent analyst reports. Scotiabank cut their price target on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Wells Fargo & Company upgraded DTE Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. UBS Group boosted their price target on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Bank of America boosted their target price on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $149.17.

DTE Energy Profile

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.