DTE Energy Company $DTE Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in DTE Energy Company (NYSE:DTE) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,270 shares of the utilities provider’s stock after purchasing an additional 4,590 shares during the period. Victory Capital Management Inc. owned about 0.17% of DTE Energy worth $51,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Journey Strategic Wealth LLC acquired a new position in DTE Energy in the third quarter worth approximately $209,000. Arete Wealth Advisors LLC acquired a new stake in shares of DTE Energy during the 3rd quarter valued at $200,000. Aprio Wealth Management LLC boosted its stake in shares of DTE Energy by 5.6% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,755 shares of the utilities provider’s stock worth $248,000 after acquiring an additional 93 shares in the last quarter. Choreo LLC grew its holdings in shares of DTE Energy by 3.7% in the 3rd quarter. Choreo LLC now owns 9,673 shares of the utilities provider’s stock worth $1,378,000 after acquiring an additional 341 shares during the last quarter. Finally, Westpac Banking Corp raised its position in shares of DTE Energy by 16.0% during the third quarter. Westpac Banking Corp now owns 10,319 shares of the utilities provider’s stock worth $1,459,000 after purchasing an additional 1,424 shares during the period. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Up 1.1%

NYSE:DTE opened at $150.28 on Friday. DTE Energy Company has a 1-year low of $123.69 and a 1-year high of $154.63. The firm has a market capitalization of $31.23 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.73 and a beta of 0.47. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The business’s fifty day moving average price is $137.79 and its 200 day moving average price is $136.91.

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 company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $3.39 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same quarter in the previous year, the business posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, sell-side analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. DTE Energy’s payout ratio is presently 66.38%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DTE shares. JPMorgan Chase & Co. dropped their price target on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Jefferies Financial Group raised their target price on shares of DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. UBS Group dropped their target price on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Finally, Argus upgraded shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.