Simon Quick Advisors LLC Purchases Shares of 1,882 DTE Energy Company $DTE

Simon Quick Advisors LLC purchased a new stake in DTE Energy Company (NYSE:DTE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,882 shares of the utilities provider’s stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DTE. First Horizon Advisors Inc. increased its stake in shares of DTE Energy by 28.5% during the 1st quarter. First Horizon Advisors Inc. now owns 527 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 117 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of DTE Energy by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 261,103 shares of the utilities provider’s stock worth $36,103,000 after purchasing an additional 7,297 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of DTE Energy by 2.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 78 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of DTE Energy during the 1st quarter worth about $27,000. Finally, Cloud Capital Management LLC acquired a new position in shares of DTE Energy during the 1st quarter worth about $25,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Down 1.3%

Shares of DTE opened at $133.77 on Tuesday. DTE Energy Company has a 52 week low of $115.59 and a 52 week high of $143.79. The firm has a market cap of $27.77 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. The firm’s 50-day simple moving average is $138.61 and its 200 day simple moving average is $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 (NYSE:DTE) last announced its quarterly 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 business had revenue of $2.99 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 quarter in the prior 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, analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DTE. Morgan Stanley boosted their price objective 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. Scotiabank lowered their price objective on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. UBS Group boosted their price objective 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, Jefferies Financial Group restated a “hold” rating and set a $149.00 price objective on shares of DTE Energy in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.82.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business’s stock in a transaction dated 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 sale, the vice president owned 4,153 shares of the company’s stock, valued at $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

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.