Blue Water Asset Management Takes $935,000 Position in DTE Energy Company $DTE

Blue Water Asset Management acquired a new stake in shares of DTE Energy Company (NYSE:DTE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,251 shares of the utilities provider’s stock, valued at approximately $935,000.

A number of other hedge funds have also recently made changes to their positions in the business. AE Wealth Management LLC raised its position in DTE Energy by 5.0% in the third quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock worth $16,762,000 after acquiring an additional 5,658 shares during the period. Quantitative Investment Management LLC bought a new stake in DTE Energy in the third quarter worth about $1,348,000. TD Asset Management Inc raised its position in DTE Energy by 2.9% in the third quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider’s stock worth $34,042,000 after acquiring an additional 6,779 shares during the period. Victory Capital Management Inc. raised its position in DTE Energy by 1.3% in the third quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock worth $51,236,000 after acquiring an additional 4,590 shares during the period. Finally, First Trust Advisors LP raised its position in DTE Energy by 11.0% in the third quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after acquiring an additional 79,956 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’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 value of $143,720.00. Following the sale, the vice president owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

DTE Energy Stock Performance

NYSE DTE opened at $139.92 on Friday. The company’s 50 day moving average is $146.21 and its 200-day moving average is $139.33. DTE Energy Company has a 12-month low of $126.23 and a 12-month high of $154.63. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market cap of $29.11 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 3.14 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 earnings per share (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 business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts predict that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on DTE shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a research report on Tuesday, April 21st. Argus raised shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research report on Wednesday, April 8th. Citigroup lifted their price objective 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, BMO Capital Markets lowered their price objective on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.58.

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.