DTE Energy Company $DTE Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 23.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,227 shares of the utilities provider’s stock after acquiring an additional 6,478 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in DTE Energy were worth $4,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTE. Clean Yield Group acquired a new position in DTE Energy during the third quarter worth $28,000. Cloud Capital Management LLC acquired a new position in DTE Energy during the third quarter worth $28,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in DTE Energy during the third quarter worth $31,000. Asset Dedication LLC grew its holdings in DTE Energy by 88.4% during the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 107 shares during the period. Finally, First Horizon Corp acquired a new position in DTE Energy during the third quarter worth $36,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Down 1.5%

DTE Energy stock opened at $143.71 on Wednesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. The firm has a market capitalization of $29.89 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 2.68 and a beta of 0.43. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $154.63. The stock’s fifty day moving average is $146.51 and its two-hundred day moving average is $139.01.

DTE Energy (NYSE:DTE) last posted its 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 company had revenue of $4.43 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Analysts predict that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th were given a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, March 16th. DTE Energy’s dividend payout ratio is currently 66.38%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DTE shares. BMO Capital Markets dropped their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a report on Thursday, March 26th. Morgan Stanley lowered their target price on DTE Energy from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday. Truist Financial initiated coverage on DTE Energy in a report on Monday. They issued a “buy” rating and a $165.00 target price on the stock. Citigroup upped their target price on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $155.23.

About DTE Energy

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.