Prudential Financial Inc. Sells 28,826 Shares of DTE Energy Company $DTE

Prudential Financial Inc. decreased its position in shares of DTE Energy Company (NYSE:DTE) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 501,749 shares of the utilities provider’s stock after selling 28,826 shares during the period. Prudential Financial Inc. owned about 0.24% of DTE Energy worth $66,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in DTE Energy by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,327,535 shares of the utilities provider’s stock valued at $175,845,000 after purchasing an additional 11,428 shares in the last quarter. American Century Companies Inc. increased its stake in shares of DTE Energy by 6.9% in the second quarter. American Century Companies Inc. now owns 135,810 shares of the utilities provider’s stock valued at $17,990,000 after buying an additional 8,747 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of DTE Energy in the second quarter valued at about $281,000. Mufg Securities Americas Inc. lifted its position in DTE Energy by 25.4% during the 2nd quarter. Mufg Securities Americas Inc. now owns 4,599 shares of the utilities provider’s stock worth $609,000 after buying an additional 931 shares in the last quarter. Finally, Mediolanum International Funds Ltd lifted its position in DTE Energy by 21.1% during the 2nd quarter. Mediolanum International Funds Ltd now owns 162,941 shares of the utilities provider’s stock worth $21,446,000 after buying an additional 28,382 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DTE has been the subject of a number of research analyst reports. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. BMO Capital Markets boosted their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley set a $144.00 price target on DTE Energy in a report on Thursday. One investment 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.17.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $135.85 on Monday. The firm has a fifty day moving average of $138.68 and a two-hundred day moving average of $136.84. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. 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 52 week low of $116.30 and a 52 week high of $143.79.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping 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 business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the firm earned $2.22 earnings per share. 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 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.