DTE Energy Company $DTE Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in DTE Energy Company (NYSE:DTE) by 75.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 194,623 shares of the utilities provider’s stock after buying an additional 83,929 shares during the quarter. Russell Investments Group Ltd.’s holdings in DTE Energy were worth $25,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DTE. Dynamic Technology Lab Private Ltd acquired a new stake in shares of DTE Energy in the first quarter worth approximately $567,000. Nordea Investment Management AB raised its stake in DTE Energy by 5.3% in the 2nd quarter. Nordea Investment Management AB now owns 208,818 shares of the utilities provider’s stock valued at $27,470,000 after purchasing an additional 10,586 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 637,378 shares in the last quarter. USA Financial Formulas acquired a new stake in DTE Energy during the 2nd quarter worth $912,000. Finally, Focus Partners Wealth grew its holdings in shares of DTE Energy by 3.6% during the first quarter. Focus Partners Wealth now owns 181,905 shares of the utilities provider’s stock worth $25,152,000 after buying an additional 6,375 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $137.03 on Friday. The stock has a fifty day simple moving average of $138.81 and a 200-day simple moving average of $136.89. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock has a market cap of $28.46 billion, a PE ratio of 19.72, a P/E/G 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.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations 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 prior year, the company posted $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 analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DTE shares. Scotiabank lowered their price target on shares of 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. Wells Fargo & Company upgraded shares of DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group restated a “hold” rating and set a $149.00 target price on shares of DTE Energy in a report on Monday, November 3rd. Barclays upped their price target on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price 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.