Strs Ohio Buys 11,435 Shares of DTE Energy Company $DTE

Strs Ohio grew its stake in DTE Energy Company (NYSE:DTE) by 82.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,286 shares of the utilities provider’s stock after acquiring an additional 11,435 shares during the period. Strs Ohio’s holdings in DTE Energy were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of DTE Energy in the first quarter worth about $25,000. Quintet Private Bank Europe S.A. bought a new stake in shares of DTE Energy during the second quarter worth approximately $25,000. Olde Wealth Management LLC bought a new stake in shares of DTE Energy during the first quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DTE Energy during the first quarter worth approximately $28,000. Finally, SouthState Corp bought a new stake in shares of DTE Energy during the first quarter worth approximately $29,000. 76.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DTE. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. UBS Group boosted their price target on shares of DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $148.80.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the transaction, the vice president owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by company insiders.

DTE Energy Stock Down 1.7%

Shares of NYSE DTE opened at $135.74 on Monday. The stock has a market cap of $28.18 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.97 and a beta of 0.42. The firm has a 50 day moving average price of $138.71 and a 200 day moving average price of $136.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. DTE Energy Company has a 52-week low of $115.59 and a 52-week high of $143.79.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating 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 net margin of 10.16% and a return on equity of 12.72%. During the same quarter in the previous year, the company 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. Analysts expect that DTE Energy Company will post 7.18 EPS for the current 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.