DTE Energy Company $DTE Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey raised its stake in DTE Energy Company (NYSE:DTE) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,296 shares of the utilities provider’s stock after purchasing an additional 1,307 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in DTE Energy were worth $4,145,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DTE. Geode Capital Management LLC raised its position in shares of DTE Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock worth $692,535,000 after buying an additional 154,594 shares during the period. Northern Trust Corp increased its stake in DTE Energy by 0.5% during the first quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock worth $253,979,000 after acquiring an additional 9,664 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of DTE Energy by 65.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after purchasing an additional 637,378 shares during the period. JPMorgan Chase & Co. lifted 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 valued at $194,341,000 after purchasing an additional 512,567 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of DTE Energy by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock valued at $181,978,000 after purchasing an additional 9,443 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Price Performance

Shares of DTE stock opened at $137.07 on Friday. The firm has a fifty day simple moving average of $138.64 and a 200-day simple moving average of $136.87. The company has a market capitalization of $28.47 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. DTE Energy Company has a twelve month low of $116.30 and a twelve month 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.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate 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 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. Equities research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DTE has been the topic of several research reports. Morgan Stanley raised their price target 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. Bank of America increased their price objective on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Jefferies Financial Group reaffirmed a “hold” rating and set a $149.00 price target on shares of DTE Energy in a research report on Monday, November 3rd. Finally, Scotiabank cut their price objective on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.