J.W. Cole Advisors Inc. Purchases 1,118 Shares of DTE Energy Company $DTE

J.W. Cole Advisors Inc. grew its holdings in DTE Energy Company (NYSE:DTE) by 6.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,834 shares of the utilities provider’s stock after acquiring an additional 1,118 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in DTE Energy were worth $2,627,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Avantax Advisory Services Inc. increased its position in DTE Energy by 5.8% in 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 grew its stake in shares of DTE Energy by 51.4% in the first quarter. Cetera Investment Advisers now owns 45,481 shares of the utilities provider’s stock worth $6,289,000 after acquiring an additional 15,443 shares during the last quarter. HB Wealth Management LLC increased its position in DTE Energy by 6.2% during the first quarter. HB Wealth Management LLC now owns 3,922 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 228 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DTE Energy by 1.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,483 shares of the utilities provider’s stock valued at $9,607,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in DTE Energy by 21.6% in the 1st quarter. Mackenzie Financial Corp now owns 23,185 shares of the utilities provider’s stock worth $3,206,000 after purchasing an additional 4,120 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE stock opened at $136.74 on Friday. DTE Energy Company has a 52 week low of $116.30 and a 52 week high of $143.79. The stock has a market capitalization of $28.40 billion, a PE ratio of 19.67, a PEG ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The stock’s fifty day moving average is $138.78 and its 200-day moving average is $136.84.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) 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 analyst estimates of $3.23 billion. During the same quarter in the prior year, the firm 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 research analysts expect that DTE Energy Company will post 7.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BMO Capital Markets increased their target price on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Bank of America increased their target price on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Barclays boosted their price target on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average 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.