Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in DTE Energy Company $DTE

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of DTE Energy Company (NYSE:DTE) by 4.9% in the third quarter, HoldingsChannel reports. The firm owned 415,350 shares of the utilities provider’s stock after buying an additional 19,459 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in DTE Energy were worth $58,743,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC raised its holdings in DTE Energy by 29.8% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 70 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after buying an additional 72 shares in the last quarter. Atria Investments Inc raised its stake in shares of DTE Energy by 0.6% during the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after acquiring an additional 72 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of DTE Energy by 2.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock worth $529,000 after acquiring an additional 73 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in DTE Energy by 1.4% during the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

DTE has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $157.00 price target on shares of DTE Energy in a report on Thursday, February 19th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Scotiabank decreased their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. 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 report on Wednesday, November 5th. Finally, Barclays cut their price objective on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.31.

DTE Energy Stock Performance

Shares of DTE opened at $148.01 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. The stock has a 50-day moving average of $135.76 and a two-hundred day moving average of $136.58. The stock has a market cap of $30.76 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.69 and a beta of 0.49. DTE Energy Company has a one year low of $123.69 and a one year high of $154.63.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the company earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts predict that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is currently 66.38%.

DTE Energy 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.