MGO One Seven LLC Increases Stock Position in DTE Energy Company $DTE

MGO One Seven LLC boosted its position in DTE Energy Company (NYSE:DTE) by 251.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,565 shares of the utilities provider’s stock after acquiring an additional 6,844 shares during the period. MGO One Seven LLC’s holdings in DTE Energy were worth $1,353,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DTE. Citizens Financial Group Inc. RI boosted its holdings in shares of DTE Energy by 30.6% during the third quarter. Citizens Financial Group Inc. RI now owns 2,575 shares of the utilities provider’s stock worth $364,000 after purchasing an additional 603 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in DTE Energy by 4.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 14,222 shares of the utilities provider’s stock worth $2,011,000 after buying an additional 618 shares during the period. Sonoma Allocations LLC purchased a new stake in DTE Energy in the 3rd quarter worth approximately $277,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of DTE Energy by 1.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,145 shares of the utilities provider’s stock worth $3,556,000 after buying an additional 434 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of DTE Energy by 32.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,716 shares of the utilities provider’s stock valued at $3,354,000 after buying an additional 5,850 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.5%

NYSE:DTE opened at $134.59 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The firm’s 50-day moving average price is $132.41 and its 200-day moving average price is $135.84. The company has a market capitalization of $27.95 billion, a PE ratio of 20.21, a P/E/G ratio of 2.46 and a beta of 0.49. DTE Energy Company has a 1-year low of $116.30 and a 1-year high of $143.79.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the company posted $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 business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.5%. The ex-dividend date 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 currently 69.97%.

Wall Street Analyst Weigh In

A number of analysts recently commented on DTE shares. Bank of America raised their price target on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Wells Fargo & Company upgraded shares of DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. BMO Capital Markets cut their target price on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.75.

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.