DTE Energy Company $DTE Shares Purchased by Versor Investments LP

Versor Investments LP increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 36.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,338 shares of the utilities provider’s stock after acquiring an additional 3,045 shares during the period. Versor Investments LP’s holdings in DTE Energy were worth $1,502,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Keybank National Association OH lifted its stake in DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after buying an additional 72 shares in the last quarter. Atria Investments Inc lifted its stake in DTE Energy by 0.6% in the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after buying an additional 72 shares in the last quarter. Graypoint LLC lifted its stake in DTE Energy by 3.8% in the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock valued at $279,000 after buying an additional 74 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in DTE Energy by 2.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock valued at $542,000 after buying an additional 78 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in DTE Energy by 1.8% in the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider’s stock valued at $630,000 after buying an additional 81 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on DTE shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. BMO Capital Markets raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, UBS Group raised their target price on shares of DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.80.

DTE Energy Trading Down 1.7%

DTE opened at $135.74 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The company’s 50 day simple moving average is $138.71 and its two-hundred day simple moving average is $136.74. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $143.79. The firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.23 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. During the same period last year, the company 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. Analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

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.