Wedge Capital Management L L P NC Makes New Investment in DTE Energy Company $DTE

Wedge Capital Management L L P NC acquired a new stake in DTE Energy Company (NYSE:DTE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 118,242 shares of the utilities provider’s stock, valued at approximately $16,723,000. Wedge Capital Management L L P NC owned approximately 0.06% of DTE Energy at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DTE. Dynamic Technology Lab Private Ltd bought a new position in DTE Energy during the first quarter valued at about $567,000. Nordea Investment Management AB lifted its holdings in DTE Energy by 5.3% in the 2nd quarter. Nordea Investment Management AB now owns 208,818 shares of the utilities provider’s stock valued at $27,470,000 after acquiring an additional 10,586 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of DTE Energy by 13,146.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 25,830 shares of the utilities provider’s stock valued at $3,421,000 after purchasing an additional 25,635 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of DTE Energy by 5.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 70,033 shares of the utilities provider’s stock valued at $9,277,000 after purchasing an additional 3,457 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of DTE Energy in the 2nd quarter worth approximately $912,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DTE. Barclays increased their target price on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. UBS Group dropped their price target on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday. Jefferies Financial Group upgraded DTE Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $149.00 to $150.00 in a research report on Thursday, December 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Finally, BMO Capital Markets boosted their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $127.68 on Friday. The company’s fifty day moving average is $136.00 and its two-hundred day moving average is $136.28. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. DTE Energy Company has a 12-month low of $116.30 and a 12-month high of $143.79. The company has a market cap of $26.52 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.47.

DTE Energy (NYSE:DTE) last issued its 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. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same quarter last year, the firm posted $2.22 earnings per share. 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. Equities analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $1.165 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio is currently 69.97%.

Key Stores Impacting DTE Energy

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: MPSC approved DTE’s contract to supply power for the massive Saline Township data‑center project — this secures a large, long‑duration load that should increase regulated revenues and capacity utilization if the project proceeds. Michigan Public Service Commission approves DTE contract for Saline Township data center project
• Neutral Sentiment: The Public Service Commission’s approval carries conditions (“strings attached”) that could affect the timing, cost recovery or contractual terms — this tempers the upside until compliance details and any required mitigation are clear. Public Service Commission approves DTE data center contracts – with strings attached
• Neutral Sentiment: JPMorgan updated models for North American utilities including DTE — analyst model changes can shift near‑term sentiment but are not a direct operational event; watch for specific rating or target changes. JPMorgan updates models for North American utilities group, including DTE Energy (DTE)
• Neutral Sentiment: Recent analyses comparing DTE to peers provide context on valuation and regulated exposure; useful for investors but unlikely to drive an immediate directional move. How Is DTE Energy Stock Performance Compared to Other Utilities – Regulated Electric Stocks?
• Negative Sentiment: DTE established a $1.5 billion equity distribution agreement — this gives the company the ability to issue shares, which can be dilutive and often weighs on the stock unless tied to clear value‑creating uses (M&A, financing at attractive rates, etc.). DTE Energy Establishes $1.5 Billion Equity Distribution Program
• Negative Sentiment: A rural Michigan township rejected a DTE solar proposal — a localized setback for DTE’s renewables expansion that highlights permitting/community risk for certain projects. Rural Michigan township rejects DTE solar energy proposal for 3 square miles

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.