Fidelis Capital Partners LLC Invests $204,000 in DTE Energy Company $DTE

Fidelis Capital Partners LLC purchased a new stake in shares of DTE Energy Company (NYSE:DTE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,465 shares of the utilities provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new position in DTE Energy during the second quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DTE Energy in the 1st quarter valued at approximately $28,000. SouthState Corp acquired a new stake in shares of DTE Energy during the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of DTE Energy during the 1st quarter valued at approximately $31,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy during the 2nd quarter valued at approximately $35,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DTE has been the subject of several analyst reports. Scotiabank lowered their price objective on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Barclays increased their price target on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. BMO Capital Markets raised their price objective on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. upped their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.25.

DTE Energy Stock Performance

NYSE DTE opened at $139.71 on Wednesday. The company has a market cap of $29.02 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. The stock has a 50-day moving average of $138.50 and a two-hundred day moving average of $136.83. DTE Energy Company has a 1-year low of $116.30 and a 1-year high of $143.79.

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, topping the consensus estimate of $2.10 by $0.15. The business had revenue of $2.99 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 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. As a group, analysts anticipate that DTE Energy Company will post 7.18 EPS for the current year.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the firm’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 of the company’s stock, valued at $583,621.09. This trade represents a 27.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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.