Y Intercept Hong Kong Ltd Boosts Stake in DTE Energy Company $DTE

Y Intercept Hong Kong Ltd increased its holdings in DTE Energy Company (NYSE:DTE) by 532.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,931 shares of the utilities provider’s stock after purchasing an additional 21,833 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in DTE Energy were worth $3,667,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DTE. Vanguard Group Inc. lifted its holdings in DTE Energy by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after purchasing an additional 1,042,589 shares in the last quarter. State Street Corp raised its position in DTE Energy by 2.2% in the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock valued at $1,409,833,000 after purchasing an additional 222,353 shares during the period. Geode Capital Management LLC boosted its stake in DTE Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock worth $692,535,000 after buying an additional 154,594 shares during the period. Invesco Ltd. increased its holdings in DTE Energy by 1.3% in the 2nd quarter. Invesco Ltd. now owns 2,387,012 shares of the utilities provider’s stock valued at $316,184,000 after purchasing an additional 31,635 shares during the last quarter. Finally, Legal & General Group Plc grew its position in DTE Energy by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 1,407,682 shares of the utilities provider’s stock valued at $186,462,000 after acquiring an additional 105,952 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DTE. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. UBS Group reduced their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Scotiabank lowered their target price on 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. BMO Capital Markets reduced their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $147.38.

DTE Energy Stock Up 0.9%

Shares of NYSE:DTE opened at $135.57 on Tuesday. The firm has a 50 day simple moving average of $132.01 and a 200-day simple moving average of $136.10. DTE Energy Company has a twelve month low of $117.56 and a twelve month high of $143.79. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $28.16 billion, a PE ratio of 20.36, a P/E/G ratio of 2.46 and a beta of 0.49.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the business earned $2.22 EPS. 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. On average, equities analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were issued a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio (DPR) is presently 69.97%.

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.