Quantitative Investment Management LLC Makes New $1.35 Million Investment in DTE Energy Company $DTE

Quantitative Investment Management LLC acquired a new stake in DTE Energy Company (NYSE:DTE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,533 shares of the utilities provider’s stock, valued at approximately $1,348,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates acquired a new position in shares of DTE Energy in the third quarter worth about $28,000. Clean Yield Group purchased a new position in DTE Energy in the third quarter valued at about $28,000. Cloud Capital Management LLC acquired a new stake in DTE Energy during the 3rd quarter valued at approximately $28,000. Capital A Wealth Management LLC grew its stake in DTE Energy by 5,775.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 231 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in DTE Energy during the 3rd quarter worth approximately $31,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

Shares of DTE opened at $147.67 on Friday. The stock has a market capitalization of $30.68 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.69 and a beta of 0.47. The business’s fifty day moving average price is $139.26 and its 200 day moving average price is $137.12. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. DTE Energy Company has a 12-month low of $123.69 and a 12-month high of $154.63.

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, beating the consensus estimate of $1.52 by $0.13. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. During the same quarter in the previous year, the firm earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group cut their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Mizuho lifted their price target on shares of DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. cut 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. Morgan Stanley reiterated an “overweight” rating and set a $153.00 price objective on shares of DTE Energy in a research note on Friday, February 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. One 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.31.

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.