Intrust Bank NA Buys 419 Shares of DTE Energy Company $DTE

Intrust Bank NA lifted its stake in shares of DTE Energy Company (NYSE:DTE) by 4.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,086 shares of the utilities provider’s stock after acquiring an additional 419 shares during the period. Intrust Bank NA’s holdings in DTE Energy were worth $1,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DTE. Geode Capital Management LLC increased its stake in DTE Energy by 3.0% in the second quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock valued at $692,535,000 after purchasing an additional 154,594 shares in the last quarter. Northern Trust Corp grew its stake in shares of DTE Energy by 0.5% in the 1st quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after buying an additional 9,664 shares during the period. Goldman Sachs Group Inc. increased its position in 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 valued at $223,019,000 after buying an additional 637,378 shares in the last quarter. JPMorgan Chase & Co. raised its stake in DTE Energy by 57.4% during the 1st quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock worth $194,341,000 after buying an additional 512,567 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in DTE Energy by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,316,107 shares of the utilities provider’s stock worth $181,978,000 after acquiring an additional 9,443 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DTE. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. UBS Group lifted their price target on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Morgan Stanley boosted their price target on shares of DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating and set a $149.00 price objective on shares of DTE Energy in a report on Monday, November 3rd. Finally, Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $149.25.

DTE Energy Trading Up 0.4%

Shares of DTE Energy stock opened at $137.67 on Tuesday. The company has a market capitalization of $28.59 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The stock has a fifty day simple moving average of $138.70 and a 200 day simple moving average of $136.88. DTE Energy Company has a 12-month low of $116.30 and a 12-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 issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last 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. On average, sell-side analysts anticipate that DTE Energy Company will post 7.18 earnings per share 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.