Peregrine Asset Advisers Inc. Makes New $2.08 Million Investment in DTE Energy Company $DTE

Peregrine Asset Advisers Inc. bought a new stake in shares of DTE Energy Company (NYSE:DTE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,216 shares of the utilities provider’s stock, valued at approximately $2,079,000.

A number of other hedge funds also recently modified their holdings of the business. First Trust Advisors LP boosted its position in DTE Energy by 11.0% during the 3rd quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after acquiring an additional 79,956 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at about $1,348,000. Victory Capital Management Inc. increased its holdings in shares of DTE Energy by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock valued at $51,236,000 after purchasing an additional 4,590 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of DTE Energy by 58.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock worth $8,525,000 after purchasing an additional 24,071 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of DTE Energy by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 302,304 shares of the utilities provider’s stock worth $39,091,000 after purchasing an additional 12,026 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 2.2%

Shares of NYSE DTE opened at $153.90 on Friday. The stock has a market cap of $32.02 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.29 and a beta of 0.38. The business has a 50 day simple moving average of $145.94 and a 200 day simple moving average of $142.08. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.06. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 12.37% and a net margin of 7.65%.During the same quarter in the prior year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.0%. DTE Energy’s dividend payout ratio is 76.77%.

Analyst Upgrades and Downgrades

DTE has been the subject of several research reports. Wells Fargo & Company restated an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a report on Monday, June 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a research report on Wednesday, April 8th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Weiss Ratings cut shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Finally, Barclays dropped their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

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.