Corton Capital Inc. Purchases Shares of 1,515 DTE Energy Company $DTE

Corton Capital Inc. purchased a new stake in DTE Energy Company (NYSE:DTE) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,515 shares of the utilities provider’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Keybank National Association OH grew its holdings in DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after buying an additional 72 shares during the period. Atria Investments Inc grew its holdings in DTE Energy by 0.6% in the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after buying an additional 72 shares during the period. Graypoint LLC grew its holdings in DTE Energy by 3.8% in the 1st 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 grew its holdings in DTE Energy by 2.0% in 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 period. Finally, Stephens Inc. AR grew its holdings in DTE Energy by 1.8% in 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 period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Insider Activity

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the transaction, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on DTE shares. Barclays lifted their price target on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Scotiabank decreased their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday. 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 report on Monday, August 25th. Jefferies Financial Group reiterated a “hold” rating and set a $149.00 target price on shares of DTE Energy in a report on Monday. Finally, Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.82.

DTE Energy Stock Down 0.4%

NYSE DTE opened at $133.30 on Wednesday. The stock has a market cap of $27.67 billion, a PE ratio of 19.18, a P/E/G ratio of 2.97 and a beta of 0.42. DTE Energy Company has a fifty-two week low of $115.59 and a fifty-two week high of $143.79. The business has a 50 day moving average price of $138.51 and a two-hundred day moving average price of $136.77. 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 (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The firm 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 prior year, the business 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. As a group, sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

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.