DTE Energy Company $DTE Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its position in DTE Energy Company (NYSE:DTE) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,407,682 shares of the utilities provider’s stock after acquiring an additional 105,952 shares during the period. Legal & General Group Plc owned 0.68% of DTE Energy worth $186,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new stake in DTE Energy during the 2nd quarter valued at about $25,000. SouthState Corp acquired a new stake in shares of DTE Energy during the first quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of DTE Energy during the first quarter worth about $31,000. Legacy Investment Solutions LLC purchased a new stake in DTE Energy in the second quarter valued at approximately $35,000. Finally, Financial Gravity Companies Inc. acquired a new position in DTE Energy in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DTE. BMO Capital Markets lifted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. UBS Group boosted their target price on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Bank of America increased their price target on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.17.

DTE Energy Stock Up 0.1%

DTE opened at $135.85 on Monday. The company has a fifty day moving average of $138.68 and a two-hundred day moving average of $136.84. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.97 and a beta of 0.45. DTE Energy Company has a fifty-two week low of $116.30 and a fifty-two week high of $143.79. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the firm earned $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts expect that DTE Energy Company will post 7.18 earnings per share for the current year.

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.