Meiji Yasuda Asset Management Co Ltd. Increases Stake in DTE Energy Company $DTE

Meiji Yasuda Asset Management Co Ltd. boosted its stake in DTE Energy Company (NYSE:DTE) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,255 shares of the utilities provider’s stock after purchasing an additional 4,580 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in DTE Energy were worth $3,386,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Segment Wealth Management LLC increased its stake in DTE Energy by 4.6% in the 4th quarter. Segment Wealth Management LLC now owns 1,744 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 76 shares during the period. Keybank National Association OH increased its stake in DTE Energy by 1.8% in the 3rd quarter. Keybank National Association OH now owns 4,606 shares of the utilities provider’s stock worth $651,000 after purchasing an additional 81 shares during the period. Modern Wealth Management LLC increased its stake in DTE Energy by 0.6% in the 3rd quarter. Modern Wealth Management LLC now owns 13,431 shares of the utilities provider’s stock worth $1,900,000 after purchasing an additional 85 shares during the period. Oppenheimer & Co. Inc. increased its stake in DTE Energy by 4.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,960 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 86 shares during the period. Finally, Fifth Third Bancorp increased its stake in DTE Energy by 1.1% in the 4th quarter. Fifth Third Bancorp now owns 7,755 shares of the utilities provider’s stock worth $1,000,000 after purchasing an additional 87 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

DTE opened at $145.30 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $154.63. The stock has a market capitalization of $30.23 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.41. The stock’s 50 day moving average price is $145.70 and its 200-day moving average price is $139.49.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the firm posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts predict that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 22nd will be given a dividend of $1.165 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s payout ratio is currently 76.77%.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DTE shares. Morgan Stanley set a $146.00 price target on DTE Energy in a research note on Thursday. Barclays reduced their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Truist Financial reduced their target price on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Monday. Finally, BMO Capital Markets reduced their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.25.

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.