DTE Energy Company $DTE Shares Bought by Entropy Technologies LP

Entropy Technologies LP lifted its position in shares of DTE Energy Company (NYSE:DTE) by 11.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,444 shares of the utilities provider’s stock after buying an additional 772 shares during the quarter. Entropy Technologies LP’s holdings in DTE Energy were worth $986,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its holdings in shares of DTE Energy by 222.1% in the first quarter. Allianz Asset Management GmbH now owns 58,995 shares of the utilities provider’s stock valued at $8,157,000 after purchasing an additional 40,679 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of DTE Energy by 5.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 14,705 shares of the utilities provider’s stock worth $2,033,000 after purchasing an additional 801 shares in the last quarter. Cetera Investment Advisers raised its position in shares of DTE Energy by 51.4% during the 1st quarter. Cetera Investment Advisers now owns 45,481 shares of the utilities provider’s stock worth $6,289,000 after purchasing an additional 15,443 shares during the last quarter. Stevens Capital Management LP purchased a new stake in DTE Energy in the 1st quarter valued at approximately $230,000. Finally, TD Asset Management Inc grew its holdings in DTE Energy by 1.0% during the 1st quarter. TD Asset Management Inc now owns 208,615 shares of the utilities provider’s stock valued at $28,845,000 after buying an additional 1,987 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DTE. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. 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 note on Friday, October 10th. Scotiabank reduced 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 report on Friday, October 31st. Bank of America lifted their price target on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $149.17.

DTE Energy Stock Up 0.1%

Shares of NYSE:DTE opened at $135.85 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.97 and a beta of 0.45. The stock’s 50-day moving average price is $138.68 and its two-hundred day moving average price is $136.85. DTE Energy Company has a 12-month low of $116.30 and a 12-month high of $143.79.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the firm posted $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 forecast that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Company 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.