OMERS ADMINISTRATION Corp Raises Stock Position in DTE Energy Company $DTE

OMERS ADMINISTRATION Corp lifted its stake in shares of DTE Energy Company (NYSE:DTE) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,194 shares of the utilities provider’s stock after acquiring an additional 26,500 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in DTE Energy were worth $11,762,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of DTE Energy during the fourth quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. increased its holdings in DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after buying an additional 181 shares during the period. Torren Management LLC purchased a new position in DTE Energy during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new position in DTE Energy during the fourth quarter valued at approximately $29,000. Finally, Asset Dedication LLC increased its holdings in DTE Energy by 88.4% during the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after buying an additional 107 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DTE shares. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Bank of America reissued a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, Argus raised shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $156.67.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the sale, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

DTE Energy Price Performance

Shares of DTE opened at $148.10 on Tuesday. The company has a market cap of $30.81 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 3.22 and a beta of 0.39. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $154.63. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The company has a 50 day moving average of $145.18 and a two-hundred day moving average of $140.42.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.03). The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter last year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be paid a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, June 22nd. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

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.