National Pension Service grew its stake in DTE Energy Company (NYSE:DTE – Free Report) by 10.7% during the fourth quarter, HoldingsChannel reports. The firm owned 288,374 shares of the utilities provider’s stock after buying an additional 27,808 shares during the quarter. National Pension Service’s holdings in DTE Energy were worth $37,194,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in DTE. Vanguard Group Inc. boosted its position in DTE Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after buying an additional 766,499 shares during the period. State Street Corp boosted its position in DTE Energy by 2.3% during the 3rd quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after buying an additional 247,747 shares during the period. Capital World Investors boosted its position in DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after buying an additional 552,346 shares during the period. Geode Capital Management LLC boosted its position in DTE Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after buying an additional 117,322 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after buying an additional 602,602 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.
DTE Energy Stock Down 0.0%
DTE Energy stock opened at $142.82 on Monday. 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 Company has a 52-week low of $126.23 and a 52-week high of $154.63. The firm has a 50 day moving average price of $145.27 and a two-hundred day moving average price of $139.85. The firm has a market cap of $29.71 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.12 and a beta of 0.39.
DTE Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 (DPR) is presently 76.77%.
Insider Transactions at DTE Energy
In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’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 transaction of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.
Key Headlines Impacting DTE Energy
Here are the key news stories impacting DTE Energy this week:
- Positive Sentiment: DTE Energy and LG Energy Solution Vertech announced a supply agreement for 6 GWh of battery energy storage systems across eight Michigan projects, a major step that could improve grid reliability and expand DTE’s clean-energy footprint. Article Title
- Positive Sentiment: Multiple reports highlighted DTE’s $1.6 billion battery storage investment in Michigan, which could strengthen its infrastructure and position the utility to benefit from rising electricity demand. Article Title
- Positive Sentiment: Coverage also noted that data center demand, including OpenAI’s power needs, is increasing long-term growth opportunities for DTE as utilities with grid capacity and generation assets become more valuable. Article Title
- Neutral Sentiment: Analysts also pointed to DTE as a beneficiary of broader clean-energy and wind-power adoption, but this is more of an industry tailwind than a company-specific catalyst. Article Title
- Neutral Sentiment: Several local and market reports echoed the same battery-storage theme, reinforcing investor interest but adding little new beyond the initial partnership and spending announcement. Article Title
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Bank of America reiterated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. cut their target price on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Citigroup lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.25.
Get Our Latest Stock Analysis on DTE Energy
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.
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