Arbor Trust Wealth Advisors LLC Decreases Position in DTE Energy Company $DTE

Arbor Trust Wealth Advisors LLC lowered its stake in shares of DTE Energy Company (NYSE:DTE) by 55.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,612 shares of the utilities provider’s stock after selling 2,046 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in DTE Energy were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DTE. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in DTE Energy by 5.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 395,891 shares of the utilities provider’s stock worth $52,440,000 after purchasing an additional 20,338 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of DTE Energy by 37.1% in the 2nd quarter. Prospera Financial Services Inc now owns 6,179 shares of the utilities provider’s stock valued at $819,000 after buying an additional 1,672 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of DTE Energy by 3.0% in the 1st quarter. Summit Investment Advisors Inc. now owns 13,078 shares of the utilities provider’s stock valued at $1,808,000 after buying an additional 379 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of DTE Energy during the second quarter worth about $2,440,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy during the second quarter worth approximately $35,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Up 1.9%

Shares of NYSE DTE opened at $136.67 on Friday. The business has a 50-day moving average price of $138.37 and a 200 day moving average price of $136.77. The stock has a market cap of $28.38 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. DTE Energy Company has a 52-week low of $116.30 and a 52-week high of $143.79.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share 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 analysts’ expectations 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 previous year, the business 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. Equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $149.00 price target on shares of DTE Energy in a research note on Monday, November 3rd. UBS Group raised their price objective on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. lifted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Morgan Stanley boosted their target price on shares of DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Barclays raised their price target on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $149.25.

Insider Buying and Selling

In related news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.