ABC Arbitrage SA Makes New $2.74 Million Investment in DTE Energy Company $DTE

ABC Arbitrage SA purchased a new stake in DTE Energy Company (NYSE:DTE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,214 shares of the utilities provider’s stock, valued at approximately $2,736,000.

A number of other large investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in DTE Energy during the 4th quarter worth $25,000. Cloud Capital Management LLC acquired a new position in DTE Energy in the third quarter valued at about $28,000. Torren Management LLC bought a new stake in shares of DTE Energy in the fourth quarter worth about $26,000. Quest 10 Wealth Builders Inc. increased its holdings in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 181 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of DTE Energy during the third quarter worth about $31,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.2%

Shares of DTE Energy stock opened at $142.32 on Tuesday. The business’s 50 day simple moving average is $146.73 and its 200 day simple moving average is $139.31. DTE Energy Company has a 52-week low of $126.23 and a 52-week high of $154.63. The firm has a market cap of $29.61 billion, a PE ratio of 23.45, a P/E/G ratio of 3.07 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period last year, the company earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Citigroup raised their target price 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. Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Barclays reduced their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Finally, Truist Financial began coverage on shares of DTE Energy in a research report on Monday, April 20th. They set a “buy” rating and a $165.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $156.75.

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.