Envestnet Asset Management Inc. Boosts Stock Position in DTE Energy Company $DTE

Envestnet Asset Management Inc. grew its position in shares of DTE Energy Company (NYSE:DTE) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,867 shares of the utilities provider’s stock after purchasing an additional 11,114 shares during the period. Envestnet Asset Management Inc. owned 0.08% of DTE Energy worth $23,030,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DTE. Quintet Private Bank Europe S.A. acquired a new stake in shares of DTE Energy during the 2nd quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DTE Energy during the first quarter worth about $28,000. SouthState Corp acquired a new stake in DTE Energy during the first quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of DTE Energy in the 1st quarter worth about $31,000. Finally, AlphaQuest LLC lifted its stake in shares of DTE Energy by 28,600.0% in the 1st quarter. AlphaQuest LLC now owns 287 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DTE. Morgan Stanley upped their target price on DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Scotiabank decreased their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Jefferies Financial Group reissued a “hold” rating and set a $149.00 target price on shares of DTE Energy in a research report on Monday. Finally, Barclays raised their price target 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 equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $148.82.

DTE Energy Price Performance

Shares of DTE opened at $133.30 on Wednesday. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $143.79. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The firm has a market cap of $27.67 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.97 and a beta of 0.42. The stock has a 50 day moving average of $138.51 and a 200-day moving average of $136.77.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $2.99 billion during 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 period in the previous year, the firm posted $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, analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

Insider Buying and Selling at DTE Energy

In other 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 completion of the transaction, the vice president owned 4,153 shares in the company, 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 accessible through this link. 0.33% of the stock is currently owned by company insiders.

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.