Mirae Asset Global Investments Co. Ltd. Purchases 52,710 Shares of DTE Energy Company $DTE

Mirae Asset Global Investments Co. Ltd. purchased a new stake in DTE Energy Company (NYSE:DTE) in the third quarter, HoldingsChannel reports. The institutional investor purchased 52,710 shares of the utilities provider’s stock, valued at approximately $6,420,000.

Several other large investors also recently bought and sold shares of DTE. ProShare Advisors LLC increased its position in shares of DTE Energy by 4.3% during the third quarter. ProShare Advisors LLC now owns 44,842 shares of the utilities provider’s stock worth $5,462,000 after purchasing an additional 1,866 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of DTE Energy by 8.8% in the 3rd quarter. Vise Technologies Inc. now owns 14,396 shares of the utilities provider’s stock valued at $1,753,000 after purchasing an additional 1,167 shares during the period. Cidel Asset Management Inc. boosted its position in shares of DTE Energy by 6.9% in the 3rd quarter. Cidel Asset Management Inc. now owns 2,056 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 132 shares during the period. Summit Global Investments grew its stake in DTE Energy by 1.6% during the 3rd quarter. Summit Global Investments now owns 29,515 shares of the utilities provider’s stock worth $3,595,000 after buying an additional 455 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in DTE Energy by 7.2% during the 3rd quarter. MGO One Seven LLC now owns 7,425 shares of the utilities provider’s stock worth $904,000 after buying an additional 496 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $134.97 on Friday. DTE Energy Company has a one year low of $119.68 and a one year high of $155.74. The stock has a market capitalization of $28.09 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.82 and a beta of 0.35. The company has a 50-day simple moving average of $130.18 and a 200-day simple moving average of $140.85. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.17. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.61 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%. During the same quarter last year, the company posted $2.01 earnings per share. On average, analysts predict that DTE Energy Company will post 7.70 EPS for the current year.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 21st will be given a dividend of $1.2450 per share. This represents a $4.98 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 21st. This is a positive change from DTE Energy’s previous quarterly dividend of $1.1650. DTE Energy’s payout ratio is 73.73%.

Key Stories Impacting DTE Energy

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE reported third-quarter EPS of $2.30, topping the $2.15 consensus estimate; operating earnings also rose. The earnings beat is a near-term positive. DTE Energy Q3 earnings
• Positive Sentiment: The company agreed to sell its non-utility DTE Vantage business to investors advised by J.P. Morgan Asset Management for about $3 billion, with closing expected in the first half of 2027. The deal advances DTE’s focus on its utility business and provides substantial transaction proceeds. DTE Vantage sale and company update
• Positive Sentiment: DTE raised its quarterly dividend 6.9%, to $1.245 per share, payable Jan. 15, 2027, for shareholders of record Dec. 21. The increase supports the stock’s income appeal. DTE dividend announcement
• Neutral Sentiment: The company highlighted data-center growth and plans to invest $6.1 billion in its utilities in 2026, alongside grid reliability and cleaner-generation projects. These plans may support longer-term growth and customer benefits, while requiring substantial ongoing investment. DTE quarterly accomplishments

Insider Buying and Selling at DTE Energy

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total value of $678,550.00. Following the transaction, the insider directly owned 73,122 shares in the company, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

DTE has been the topic of several research analyst reports. Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. HSBC began coverage on DTE Energy in a report on Thursday, October 22nd. They issued a “hold” rating and a $135.00 price objective for the company. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Monday, October 19th. Truist Financial set a $139.00 target price on shares of DTE Energy in a research report on Friday, October 16th. Finally, Morgan Stanley cut their target price on shares of DTE Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.92.

About DTE Energy

DTE Energy Co is a Detroit-based energy holding company that operates through regulated utility businesses and other energy-related activities. Its principal subsidiaries are DTE Electric and DTE Gas, which provide electricity and natural gas to residential, commercial and industrial customers across southeastern Michigan.

DTE Electric generates, transmits and distributes electricity, while DTE Gas transports and distributes natural gas through an extensive pipeline network. The company is also involved in renewable energy, energy services, natural gas storage and pipeline operations, and other nonutility activities designed to support the broader energy system.

DTE Energy traces its roots to the Detroit Edison Company, which was established in 1903 to serve the Detroit area.