ProShare Advisors LLC Grows Stake in DTE Energy Company $DTE

ProShare Advisors LLC lifted its holdings in shares of DTE Energy Company (NYSE:DTE) by 8.3% in the second quarter, HoldingsChannel reports. The firm owned 47,421 shares of the utilities provider’s stock after acquiring an additional 3,633 shares during the period. ProShare Advisors LLC’s holdings in DTE Energy were worth $6,281,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DTE. Goldman Sachs Group Inc. raised 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 acquiring an additional 637,378 shares during the last quarter. JPMorgan Chase & Co. lifted its position in DTE Energy by 57.4% during the first quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock worth $194,341,000 after buying an additional 512,567 shares during the period. Nuveen LLC purchased a new position in DTE Energy during the first quarter worth about $67,315,000. The Manufacturers Life Insurance Company boosted its stake in DTE Energy by 44.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 721,209 shares of the utilities provider’s stock worth $99,722,000 after buying an additional 222,894 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in DTE Energy by 33.3% in the 1st quarter. BNP Paribas Financial Markets now owns 510,321 shares of the utilities provider’s stock valued at $70,562,000 after buying an additional 127,543 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Down 1.8%

NYSE DTE opened at $137.80 on Friday. The stock has a market cap of $28.62 billion, a P/E ratio of 19.83, a PEG ratio of 2.97 and a beta of 0.45. The company’s fifty day simple moving average is $138.63 and its 200-day simple moving average is $136.86. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. DTE Energy Company has a 52 week low of $116.30 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 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The firm 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 quarter in the previous year, the business posted $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. Equities research analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DTE. Scotiabank lowered their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. UBS Group lifted their target price on DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a report on Friday, October 10th. Jefferies Financial Group restated a “hold” rating and set a $149.00 price target on shares of DTE Energy in a research note on Monday, November 3rd. Finally, Barclays boosted their target price on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $149.25.

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.