Elo Mutual Pension Insurance Co Has $2.19 Million Position in DTE Energy Company $DTE

Elo Mutual Pension Insurance Co grew its position in shares of DTE Energy Company (NYSE:DTE) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,536 shares of the utilities provider’s stock after purchasing an additional 1,506 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in DTE Energy were worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DTE. Avantax Advisory Services Inc. boosted its position in DTE Energy by 5.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 14,705 shares of the utilities provider’s stock worth $2,033,000 after buying an additional 801 shares during the period. Cetera Investment Advisers raised its stake in shares of DTE Energy by 51.4% during the first quarter. Cetera Investment Advisers now owns 45,481 shares of the utilities provider’s stock valued at $6,289,000 after acquiring an additional 15,443 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of DTE Energy by 1.0% during the first quarter. TD Asset Management Inc now owns 208,615 shares of the utilities provider’s stock worth $28,845,000 after purchasing an additional 1,987 shares during the period. HB Wealth Management LLC grew its stake in shares of DTE Energy by 6.2% in the first quarter. HB Wealth Management LLC now owns 3,922 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 228 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of DTE Energy by 1.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,483 shares of the utilities provider’s stock worth $9,607,000 after purchasing an additional 1,310 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Performance

NYSE:DTE opened at $136.74 on Thursday. 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 twelve month low of $116.30 and a twelve month high of $143.79. The company has a fifty day moving average of $138.75 and a 200-day moving average of $136.84. The firm has a market capitalization of $28.40 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.97 and a beta of 0.45.

DTE Energy (NYSE:DTE) last issued its 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 business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.23 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. During the same period in the prior year, the firm 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. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DTE. Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. Scotiabank lowered their price target on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, Morgan Stanley set a $144.00 price target on shares of DTE Energy in a research report on Thursday, November 20th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.17.

DTE Energy Company 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.