Y Intercept Hong Kong Ltd Purchases 21,833 Shares of DTE Energy Company $DTE

Y Intercept Hong Kong Ltd boosted its holdings in shares of DTE Energy Company (NYSE:DTE) by 532.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,931 shares of the utilities provider’s stock after buying an additional 21,833 shares during the period. Y Intercept Hong Kong Ltd’s holdings in DTE Energy were worth $3,667,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DTE. Global Wealth Strategies & Associates bought a new stake in shares of DTE Energy during the 3rd quarter valued at about $28,000. Clean Yield Group purchased a new position in shares of DTE Energy during the third quarter worth approximately $28,000. Capital A Wealth Management LLC lifted its stake in DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $31,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in DTE Energy in the second quarter valued at approximately $32,000. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $142.00 price objective on shares of DTE Energy in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Bank of America raised their price objective on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. decreased their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, Scotiabank dropped their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. 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.com, the company has an average rating of “Moderate Buy” and an average target price of $147.38.

DTE Energy Trading Up 0.9%

NYSE DTE opened at $135.57 on Tuesday. DTE Energy Company has a 1 year low of $117.56 and a 1 year high of $143.79. 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 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. The company has a fifty day moving average of $132.01 and a 200 day moving average of $136.10.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the business 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. Research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio is 69.97%.

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.