Inceptionr LLC Invests $614,000 in DTE Energy Company $DTE

Inceptionr LLC acquired a new stake in DTE Energy Company (NYSE:DTE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,344 shares of the utilities provider’s stock, valued at approximately $614,000.

A number of other institutional investors also recently modified their holdings of DTE. Vanguard Group Inc. increased its position in shares of DTE Energy by 4.2% during the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after acquiring an additional 1,042,589 shares in the last quarter. State Street Corp lifted its holdings in DTE Energy by 2.2% during the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock worth $1,409,833,000 after acquiring an additional 222,353 shares during the period. Geode Capital Management LLC raised its stake in shares of DTE Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock worth $692,535,000 after purchasing an additional 154,594 shares during the period. Invesco Ltd. boosted its stake in DTE Energy by 1.3% in the second quarter. Invesco Ltd. now owns 2,387,012 shares of the utilities provider’s stock valued at $316,184,000 after acquiring an additional 31,635 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in DTE Energy by 8.1% during the second quarter. Legal & General Group Plc now owns 1,407,682 shares of the utilities provider’s stock valued at $186,462,000 after purchasing an additional 105,952 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 0.7%

Shares of NYSE DTE opened at $147.85 on Wednesday. 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 has a 50-day moving average of $138.54 and a 200-day moving average of $136.98. The firm has a market capitalization of $30.72 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.74 and a beta of 0.47. DTE Energy Company has a 12 month low of $123.69 and a 12 month high of $154.63.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (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 firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s payout ratio is presently 66.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DTE shares. Morgan Stanley reiterated an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a research report on Friday, February 20th. 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 note on Tuesday, January 20th. Mizuho raised their price objective on shares of DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Jefferies Financial Group boosted their target price on shares of DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. One 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, the company has a consensus rating of “Moderate Buy” and an average 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.