Intech Investment Management LLC Lowers Stock Position in DTE Energy Company $DTE

Intech Investment Management LLC reduced its position in shares of DTE Energy Company (NYSE:DTE) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 12,247 shares of the utilities provider’s stock after selling 440 shares during the period. Intech Investment Management LLC’s holdings in DTE Energy were worth $1,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new position in shares of DTE Energy during the 2nd quarter worth approximately $25,000. SouthState Corp bought a new position in shares of DTE Energy in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC bought a new position in shares of DTE Energy in the first quarter valued at approximately $31,000. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy during the second quarter valued at approximately $35,000. Finally, AlphaQuest LLC lifted its holdings in DTE Energy by 28,600.0% during the first quarter. AlphaQuest LLC now owns 287 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 286 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating and issued a $149.00 price objective on shares of DTE Energy in a research report on Monday, November 3rd. Barclays lifted their target price on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.17.

DTE Energy Stock Up 0.1%

DTE stock opened at $135.85 on Friday. The stock has a fifty day moving average of $138.68 and a 200-day moving average of $136.85. 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 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. 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 announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.During the same period in the previous year, the business 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. As a group, equities research analysts predict that DTE Energy Company will post 7.18 earnings per share for the current year.

About DTE Energy

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.