Hudson Bay Capital Management LP Takes Position in DTE Energy Company $DTE

Hudson Bay Capital Management LP purchased a new stake in shares of DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 115,334 shares of the utilities provider’s stock, valued at approximately $15,277,000. Hudson Bay Capital Management LP owned approximately 0.06% of DTE Energy at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of DTE Energy in the first quarter worth $227,000. HighTower Advisors LLC raised its stake in shares of DTE Energy by 14.9% during the 1st quarter. HighTower Advisors LLC now owns 96,120 shares of the utilities provider’s stock valued at $13,291,000 after purchasing an additional 12,466 shares during the period. Russell Investments Group Ltd. lifted its holdings in DTE Energy by 10.5% during the 1st quarter. Russell Investments Group Ltd. now owns 110,694 shares of the utilities provider’s stock worth $15,299,000 after purchasing an additional 10,563 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in DTE Energy by 2.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 11,540 shares of the utilities provider’s stock worth $1,596,000 after purchasing an additional 275 shares in the last quarter. Finally, Horizon Investments LLC boosted its stake in DTE Energy by 7.9% in the 1st quarter. Horizon Investments LLC now owns 9,900 shares of the utilities provider’s stock worth $1,369,000 after purchasing an additional 726 shares during the period. 76.06% of the stock is owned by institutional investors.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $129.82 on Monday. The firm has a market capitalization of $26.96 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 0.68 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 business’s 50-day moving average price is $137.23 and its 200-day moving average price is $136.54.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the firm earned $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. Sell-side analysts forecast that DTE Energy Company will post 7.18 EPS 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. Investors of record on Monday, December 15th will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.66 annualized dividend and a dividend yield of 3.6%. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s payout ratio is 65.47%.

Wall Street Analyst Weigh In

DTE has been the topic of several analyst reports. Barclays increased their price target on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Scotiabank lowered their target price on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock 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 company a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company upgraded DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $149.00 to $150.00 in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $149.08.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.