Profund Advisors LLC Increases Stock Holdings in DTE Energy Company $DTE

Profund Advisors LLC increased its stake in shares of DTE Energy Company (NYSE:DTE) by 27.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,431 shares of the utilities provider’s stock after purchasing an additional 2,269 shares during the quarter. Profund Advisors LLC’s holdings in DTE Energy were worth $1,382,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new position in DTE Energy during the second quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DTE Energy in the first quarter valued at $28,000. SouthState Corp bought a new stake in shares of DTE Energy in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of DTE Energy during the 1st quarter worth about $31,000. Finally, Legacy Investment Solutions LLC bought a new position in DTE Energy during the 2nd quarter valued at about $35,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Up 1.7%

Shares of NYSE DTE opened at $139.11 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The business has a fifty day simple moving average of $138.42 and a two-hundred day simple moving average of $136.79. The firm has a market cap of $28.89 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. DTE Energy Company has a twelve month low of $116.30 and a twelve month high of $143.79.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) 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 the consensus estimate of $3.23 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.During the same quarter in the prior year, the company 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. Analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the transaction, the vice president owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DTE has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. 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 report on Wednesday, November 5th. Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Barclays increased 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. Finally, Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus target price of $149.25.

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.