OVERSEA CHINESE BANKING Corp Ltd Invests $941,000 in DTE Energy Company $DTE

Posted by George Bondi on Aug 22nd, 2026

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of DTE Energy Company (NYSE:DTE – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,173 shares of the utilities provider’s stock, valued at approximately $941,000.

Several other hedge funds have also recently added to or reduced their stakes in DTE. Louisiana State Employees Retirement System acquired a new position in DTE Energy during the first quarter worth about $1,550,000. Convergence Investment Partners LLC acquired a new stake in DTE Energy in the 1st quarter valued at about $3,142,000. Capital Innovations LLC acquired a new stake in DTE Energy in the 4th quarter valued at about $1,014,000. Vanguard Group Inc. lifted its stake in DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. Finally, Oxbow Advisors LLC purchased a new position in DTE Energy in the 4th quarter worth approximately $3,145,000. 76.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DTE shares. Barclays dropped their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Mizuho lowered their price objective on DTE Energy from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Morgan Stanley lowered their price objective on DTE Energy from $153.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 target price on shares of DTE Energy in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. lifted their price target on DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.46.

Read Our Latest Stock Analysis on DTE

DTE Energy Stock Performance

DTE Energy stock opened at $135.28 on Friday. The firm has a 50 day simple moving average of $146.13 and a 200-day simple moving average of $145.26. DTE Energy Company has a 1-year low of $126.23 and a 1-year high of $155.74. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. The stock has a market cap of $28.15 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.38.

DTE Energy (NYSE:DTE – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.14 by $0.18. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter in the previous year, the company earned $1.36 EPS. On average, analysts expect that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.4%. DTE Energy’s dividend payout ratio (DPR) is 73.73%.

About DTE Energy

(Free Report)

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.