Rakuten Investment Management Inc. Purchases New Shares in DTE Energy Company $DTE

Rakuten Investment Management Inc. acquired a new position in shares of DTE Energy Company (NYSE:DTE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 61,361 shares of the utilities provider’s stock, valued at approximately $8,678,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of DTE Energy by 21.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 93,115 shares of the utilities provider’s stock worth $13,169,000 after buying an additional 16,595 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of DTE Energy by 15.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,000 shares of the utilities provider’s stock worth $698,000 after buying an additional 652 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in DTE Energy by 22.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,138 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 572 shares during the last quarter. Inscription Capital LLC raised its position in DTE Energy by 62.5% during the third quarter. Inscription Capital LLC now owns 6,383 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 2,455 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in DTE Energy during the 3rd quarter valued at $228,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DTE. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. cut their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Barclays decreased their target price on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $142.00 price target on shares of DTE Energy in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $147.67.

DTE Energy Stock Performance

DTE Energy stock opened at $137.07 on Thursday. The firm has a market capitalization of $28.47 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.49 and a beta of 0.49. DTE Energy Company has a one year low of $116.30 and a one year high of $143.79. The stock’s 50 day moving average price is $132.16 and its 200 day moving average price is $136.00. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15.

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, beating analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same quarter last year, the firm posted $2.22 earnings per share. 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. As a group, sell-side analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were issued a $1.165 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th. DTE Energy’s dividend payout ratio is presently 69.97%.

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.