Wedge Capital Management L L P NC Acquires 4,339 Shares of DTE Energy Company $DTE

Wedge Capital Management L L P NC boosted its holdings in DTE Energy Company (NYSE:DTE) by 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 122,581 shares of the utilities provider’s stock after acquiring an additional 4,339 shares during the quarter. Wedge Capital Management L L P NC’s holdings in DTE Energy were worth $15,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DTE. Millennium Management LLC lifted its position in shares of DTE Energy by 810.6% during the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after acquiring an additional 742,056 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after purchasing an additional 602,602 shares during the period. Capital World Investors raised its stake in shares of DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after purchasing an additional 552,346 shares during the period. Finally, National Bank of Canada FI lifted its holdings in DTE Energy by 226.8% during the 3rd quarter. National Bank of Canada FI now owns 488,195 shares of the utilities provider’s stock worth $69,045,000 after purchasing an additional 338,824 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Argus raised DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. Mizuho increased their price target 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. Wells Fargo & Company cut their price objective on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. BMO Capital Markets reduced their price objective on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.17.

DTE Energy Price Performance

DTE Energy stock opened at $144.52 on Friday. The stock has a market cap of $30.06 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.65 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. The business has a 50-day simple moving average of $142.43 and a 200 day simple moving average of $137.81. DTE Energy Company has a 52 week low of $123.69 and a 52 week high of $154.63.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.13. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $3.39 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same quarter last year, the firm posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts forecast 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. Stockholders of record on Monday, March 16th will be given a dividend of $1.165 per share. The ex-dividend date is Monday, March 16th. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is 66.38%.

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.