Capital World Investors Has $1.39 Billion Position in DTE Energy Company $DTE

Capital World Investors raised its holdings in DTE Energy Company (NYSE:DTE) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,851,237 shares of the utilities provider’s stock after purchasing an additional 552,346 shares during the quarter. Capital World Investors owned 4.74% of DTE Energy worth $1,393,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DTE. Vanguard Group Inc. lifted its position in shares of DTE Energy by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after buying an additional 1,042,589 shares during the last quarter. Raymond James Financial Inc. grew its position in DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after acquiring an additional 648,007 shares during the last quarter. JPMorgan Chase & Co. increased its position in DTE Energy by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,256,284 shares of the utilities provider’s stock worth $177,676,000 after purchasing an additional 226,647 shares in the last quarter. State Street Corp increased its holdings in shares of DTE Energy by 2.2% during the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock worth $1,409,833,000 after buying an additional 222,353 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in DTE Energy by 18.8% in the second quarter. Panagora Asset Management Inc. now owns 1,186,434 shares of the utilities provider’s stock valued at $157,155,000 after purchasing an additional 187,875 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Down 0.7%

Shares of NYSE DTE opened at $147.85 on Wednesday. The business has a 50-day moving average of $138.54 and a 200-day moving average of $136.98. The firm has a market capitalization of $30.72 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.74 and a beta of 0.47. DTE Energy Company has a 12 month low of $123.69 and a 12 month high of $154.63. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93.

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

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s payout ratio is presently 66.38%.

Analyst Ratings Changes

Several brokerages recently issued reports on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. Mizuho lifted their price target on shares of DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $157.00 target price on shares of DTE Energy in a research report on Thursday, February 19th. UBS Group lowered their target price on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Finally, Argus upgraded DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.31.

DTE Energy 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.