DTE Energy Company $DTE Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in DTE Energy Company (NYSE:DTE) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,147 shares of the utilities provider’s stock after selling 13,888 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in DTE Energy were worth $18,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec increased its position in shares of DTE Energy by 93.0% in the first quarter. Federation des caisses Desjardins du Quebec now owns 7,471 shares of the utilities provider’s stock worth $1,033,000 after acquiring an additional 3,600 shares in the last quarter. Ancora Advisors LLC boosted its stake in DTE Energy by 421.2% in the 1st quarter. Ancora Advisors LLC now owns 1,303 shares of the utilities provider’s stock worth $180,000 after purchasing an additional 1,053 shares during the period. Jacobs Levy Equity Management Inc. grew its position in DTE Energy by 250.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 32,199 shares of the utilities provider’s stock worth $4,452,000 after purchasing an additional 23,001 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in DTE Energy by 14.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,981 shares of the utilities provider’s stock valued at $689,000 after purchasing an additional 641 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its stake in DTE Energy by 1.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 25,390 shares of the utilities provider’s stock valued at $3,511,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on DTE shares. Scotiabank decreased their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Barclays increased their price target on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.33.

DTE Energy Trading Up 1.1%

NYSE:DTE opened at $130.37 on Monday. The company has a market capitalization of $27.08 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.39 and a beta of 0.49. The stock’s 50 day moving average price is $133.44 and its 200 day moving average price is $135.98. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. DTE Energy Company has a 52 week low of $116.30 and a 52 week high of $143.79.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The firm had revenue of $3.53 billion during 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 period in the previous year, the company earned $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. On average, research analysts forecast that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be issued a $1.165 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, December 15th. DTE Energy’s dividend payout ratio is currently 69.97%.

DTE Energy Company 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.