North Dakota State Investment Board Makes New Investment in DTE Energy Company $DTE

North Dakota State Investment Board bought a new position in DTE Energy Company (NYSE:DTE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,105 shares of the utilities provider’s stock, valued at approximately $916,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DTE. Laurel Wealth Advisors LLC acquired a new position in shares of DTE Energy in the fourth quarter worth about $25,000. Quest 10 Wealth Builders Inc. boosted its holdings in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after buying an additional 181 shares during the period. Torren Management LLC acquired a new position in shares of DTE Energy in the fourth quarter worth about $26,000. Cloud Capital Management LLC acquired a new position in shares of DTE Energy in the third quarter worth about $28,000. Finally, Elyxium Wealth LLC acquired a new position in shares of DTE Energy in the fourth quarter worth about $29,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DTE. BMO Capital Markets decreased their target price on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday, March 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $160.00 target price on shares of DTE Energy in a report on Tuesday, April 21st. Mizuho set a $165.00 target price on shares of DTE Energy in a report on Friday, May 1st. Citigroup increased their price target on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. One investment 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. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

DTE Energy Trading Down 0.1%

DTE Energy stock opened at $142.97 on Thursday. The company’s fifty day simple moving average is $145.81 and its 200-day simple moving average is $139.40. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $154.63. The stock has a market cap of $29.74 billion, a P/E ratio of 23.55, a P/E/G ratio of 3.13 and a beta of 0.41.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 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 company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts forecast that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 22nd. DTE Energy’s payout ratio is currently 76.77%.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.