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DTE Energy Sees Surge in Heat Demand in Detroit
ByAinvest
Tuesday, Sep 16, 2025 9:53 pm ET1min read
DTE Energy is a company that specializes in electricity production and distribution, serving nearly 2.3 million customers in Michigan. They also acquire, transmit, and distribute natural gas to about 1.3 million customers. The company is based in Detroit and focuses on providing energy services to residents and businesses in the region.
UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC has increased its holdings in DTE Energy Company (NYSE:DTE - Free Report) by 2.0% in the first quarter of 2025, according to its latest Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 792,339 shares of the utilities provider's stock after purchasing an additional 15,207 shares during the quarter. This move comes as several other institutional investors have also made changes to their positions in DTE, contributing to a total of 76.06% institutional ownership of the company's stock [1].In related news, Vice President Lisa A. Muschong sold 1,600 shares of DTE Energy stock on August 14, 2025, representing a 27.81% decrease in her position. The sale was disclosed in a legal filing with the Securities and Exchange Commission [1]. Meanwhile, DTE Energy has been the subject of several research analyst reports, with Citigroup raising its price target and setting a new rating of "buy" on the stock [1].
DTE Energy Company engages in the utility operations, serving nearly 2.3 million customers in Michigan and 1.3 million customers with natural gas. The company generates electricity through coal-fired plants, hydroelectric pumped storage, nuclear plants, and renewable sources such as wind and solar. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of 19.67, and a dividend yield of 3.2% [1].
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