Edgestream Partners L.P. Buys New Position in DTE Energy Company $DTE
Edgestream Partners L.P. acquired 18,931 shares of DTE Energy Company, valued at $2,508,000, in Q2. Other institutional investors also adjusted their positions in DTE Energy. Analysts have varied ratings, with an average "Moderate Buy" and a price target of $149.17. DTE Energy reported Q3 earnings of $2.25 per share, surpassing estimates. The company announced a quarterly dividend of $1.165, payable on January 15th.
Edgestream Partners L.P. purchased a new position in shares of DTE Energy Company (NYSE:DTE - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,931 shares of the utilities provider's stock, valued at approximately $2,508,000.
- AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Panagora Asset Management Inc. boosted its holdings in DTE Energy by 18.8% during the second quarter. Panagora Asset Management Inc. now owns 1,186,434 shares of the utilities provider's stock worth $157,155,000 after purchasing an additional 187,875 shares during the last quarter. Everstar Asset Management LLC acquired a new position in shares of DTE Energy during the 2nd quarter worth about $484,000. Lido Advisors LLC grew its holdings in shares of DTE Energy by 29.8% in the 2nd quarter. Lido Advisors LLC now owns 37,201 shares of the utilities provider's stock valued at $4,934,000 after acquiring an additional 8,548 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of DTE Energy by 1.2% in the second quarter. New York State Common Retirement Fund now owns 130,115 shares of the utilities provider's stock valued at $17,235,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of DTE Energy by 0.4% in the second quarter. Schroder Investment Management Group now owns 49,648 shares of the utilities provider's stock valued at $6,576,000 after acquiring an additional 214 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on DTE shares. Jefferies Financial Group restated a "hold" rating and issued a $149.00 price target on shares of DTE Energy in a research note on Monday, November 3rd. Scotiabank decreased their target price on shares of DTE Energy from $147.00 to $146.00 and set a "sector perform" rating for the company in a research note on Friday, October 31st. Wells Fargo & Company raised shares of DTE Energy to a "strong-buy" rating in a research report on Tuesday, October 28th. BMO Capital Markets lifted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a "market perform" rating in a research report on Monday, August 25th. Finally, UBS Group upped their target price on shares of DTE Energy from $148.00 to $158.00 and gave the company a "buy" rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and an average price target of $149.17.
- The Top 4 Utilities for Value, Yield, and Upside Potential
View Our Latest Stock Analysis on DTE Energy
DTE Energy Trading Down 0.8%
Shares of DTE stock opened at $132.16 on Friday. DTE Energy Company has a 12-month low of $116.30 and a 12-month high of $143.79. The company has a market capitalization of $27.45 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.61 and a beta of 0.47. The firm has a 50 day moving average price of $138.40 and a two-hundred day moving average price of $136.80. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01.
DTE Energy (NYSE:DTE - Get Free Report) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping 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 return on equity of 12.63% and a net margin of 9.34%.During the same quarter last year, the company earned $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, analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.
DTE Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a $1.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This is a boost from DTE Energy's previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.5%. DTE Energy's dividend payout ratio (DPR) is presently 65.47%.
DTE Energy Company Profile
(Free Report)DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.
Further Reading
- Five stocks we like better than DTE Energy
- What Do S&P 500 Stocks Tell Investors About the Market?
- The Trade Desk: After a 70% Plunge, This Could Be The Time to Buy
- Dividend Capture Strategy: What You Need to Know
- Tap Into 2026 AI Infrastructure Gains With This High-Growth ETF
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Strong Quarter, Weak Reaction: Why GitLab Shares Dropped
Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in DTE Energy Right Now?
Before you consider DTE Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DTE Energy wasn't on the list.
While DTE Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
