Oxbow Advisors LLC Buys New Stake in DTE Energy Company $DTE

Oxbow Advisors LLC purchased a new stake in DTE Energy Company (NYSE:DTE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,383 shares of the utilities provider’s stock, valued at approximately $3,145,000.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of DTE Energy during the 4th quarter worth about $25,000. Cloud Capital Management LLC purchased a new stake in DTE Energy during the third quarter worth approximately $28,000. Torren Management LLC purchased a new stake in DTE Energy during the fourth quarter worth approximately $26,000. Quest 10 Wealth Builders Inc. boosted its holdings in DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 181 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in DTE Energy in the third quarter valued at approximately $31,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DTE has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price target on shares of DTE Energy in a research report on Wednesday, April 8th. Wells Fargo & Company restated an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a research note on Tuesday, April 21st. BMO Capital Markets cut their target price on 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. Finally, Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $156.75.

DTE Energy Stock Performance

Shares of DTE stock opened at $140.56 on Friday. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $154.63. The stock’s 50-day moving average price is $146.92 and its 200 day moving average price is $139.33. 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 stock has a market capitalization of $29.24 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 3.07 and a beta of 0.41.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share 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 company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the business posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts forecast that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

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

DTE Energy 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.