TD Asset Management Inc Raises Position in DTE Energy Company $DTE

TD Asset Management Inc boosted its position in shares of DTE Energy Company (NYSE:DTE) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,696 shares of the utilities provider’s stock after buying an additional 6,779 shares during the period. TD Asset Management Inc owned 0.12% of DTE Energy worth $34,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DTE. Global Wealth Strategies & Associates purchased a new stake in shares of DTE Energy during the third quarter worth approximately $28,000. Clean Yield Group purchased a new stake in shares of DTE Energy during the third quarter worth $28,000. Cloud Capital Management LLC purchased a new position in shares of DTE Energy in the third quarter worth about $28,000. Capital A Wealth Management LLC boosted its position in DTE Energy by 5,775.0% during the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 231 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in DTE Energy during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.0%

Shares of NYSE:DTE opened at $148.01 on Friday. The firm has a market capitalization of $30.76 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.69 and a beta of 0.49. DTE Energy Company has a 1 year low of $123.69 and a 1 year high of $154.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. The firm’s 50-day moving average is $135.76 and its two-hundred day moving average is $136.58.

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

DTE Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DTE. Bank of America upped their price target on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Barclays reduced their price target on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Jefferies Financial Group raised their price objective on shares of DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, UBS Group cut their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.31.

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.