Savant Capital LLC Lowers Stock Position in DTE Energy Company $DTE

Savant Capital LLC lowered its position in shares of DTE Energy Company (NYSE:DTE) by 13.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,501 shares of the utilities provider’s stock after selling 1,307 shares during the quarter. Savant Capital LLC’s holdings in DTE Energy were worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of DTE Energy by 0.5% in the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after acquiring an additional 9,664 shares during the period. Goldman Sachs Group Inc. boosted its stake in DTE Energy by 65.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after acquiring an additional 637,378 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of DTE Energy by 57.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock worth $194,341,000 after buying an additional 512,567 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of DTE Energy by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock valued at $181,978,000 after acquiring an additional 9,443 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in DTE Energy by 1.2% during the 1st quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider’s stock valued at $162,221,000 after purchasing an additional 13,884 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DTE. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Morgan Stanley raised their price objective on DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. BMO Capital Markets upped their target price on shares of DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Scotiabank reduced their price target 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. Finally, Barclays raised their target price on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.25.

DTE Energy Stock Up 0.4%

Shares of DTE Energy stock opened at $140.32 on Thursday. DTE Energy Company has a 52-week low of $116.30 and a 52-week high of $143.79. The firm’s 50 day moving average price is $138.60 and its 200-day moving average price is $136.85. 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 company has a market cap of $29.14 billion, a P/E ratio of 20.19, a PEG ratio of 2.97 and a beta of 0.45.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.10 by $0.15. The firm had revenue of $2.99 billion during 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 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, sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy 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.