Commerzbank Aktiengesellschaft FI Purchases 9,409 Shares of DTE Energy Company $DTE

Commerzbank Aktiengesellschaft FI increased its position in DTE Energy Company (NYSE:DTE) by 536.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,163 shares of the utilities provider’s stock after purchasing an additional 9,409 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in DTE Energy were worth $1,579,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its stake in shares of DTE Energy by 29.8% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 70 shares in the last quarter. Keybank National Association OH boosted its holdings in DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after buying an additional 72 shares during the period. Atria Investments Inc grew its stake in DTE Energy by 0.6% in the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after buying an additional 72 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in DTE Energy by 2.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 73 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in shares of DTE Energy by 1.4% during the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock worth $771,000 after acquiring an additional 75 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on DTE. Scotiabank decreased their price objective on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. JPMorgan Chase & Co. lowered their price target on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday. Finally, Bank of America increased their target price on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.67.

DTE Energy Price Performance

DTE stock opened at $134.22 on Monday. The firm has a 50 day simple moving average of $132.06 and a two-hundred day simple moving average of $136.09. The stock has a market cap of $27.88 billion, a PE ratio of 20.15, a P/E/G ratio of 2.46 and a beta of 0.49. DTE Energy Company has a one year low of $117.56 and a one year high of $143.79. 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 posted its quarterly earnings data 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 company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the firm 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. On average, analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.5%. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, December 15th. DTE Energy’s dividend payout ratio is presently 69.97%.

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.