Assetmark Inc. Buys 923 Shares of DTE Energy Company $DTE

Assetmark Inc. raised its stake in DTE Energy Company (NYSE:DTE) by 29.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,056 shares of the utilities provider’s stock after acquiring an additional 923 shares during the quarter. Assetmark Inc.’s holdings in DTE Energy were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Keybank National Association OH raised its holdings in shares of DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 72 shares during the period. Graypoint LLC raised its stake in shares of DTE Energy by 3.8% in the first quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock valued at $279,000 after buying an additional 74 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of DTE Energy by 2.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock valued at $542,000 after buying an additional 78 shares during the last quarter. Stephens Inc. AR lifted its position in shares of DTE Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider’s stock valued at $630,000 after buying an additional 81 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of DTE Energy by 1.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president owned 4,153 shares in the company, valued at $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. 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 corporate insiders.

DTE Energy Stock Up 0.0%

DTE stock opened at $134.03 on Friday. DTE Energy Company has a 1-year low of $115.59 and a 1-year high of $143.79. The stock has a market cap of $27.84 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. 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 company’s 50 day moving average is $138.37 and its 200 day moving average is $136.73.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. During the same quarter in the previous 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. Sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

Analysts Set New Price Targets

DTE has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. Barclays raised their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Morgan Stanley boosted their target price on shares of DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price target on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.25.

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.