DTE Energy Company $DTE Position Lessened by Korea Investment CORP

Korea Investment CORP decreased its position in DTE Energy Company (NYSE:DTE) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 157,128 shares of the utilities provider’s stock after selling 17,909 shares during the quarter. Korea Investment CORP’s holdings in DTE Energy were worth $22,223,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after acquiring an additional 6,614 shares during the last quarter. Woodline Partners LP increased its stake in shares of DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of DTE Energy by 6.5% during the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after purchasing an additional 773 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of DTE Energy in the 2nd quarter valued at $203,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of DTE Energy in the 2nd quarter valued at $53,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

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

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Research analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

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

Analysts Set New Price Targets

DTE has been the topic of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a research report on Friday, February 20th. Jefferies Financial Group upped their price target on DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Finally, Wells Fargo & Company dropped their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average 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.