Illinois Municipal Retirement Fund Boosts Stock Position in DTE Energy Company $DTE

Illinois Municipal Retirement Fund increased its holdings in shares of DTE Energy Company (NYSE:DTE) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,215 shares of the utilities provider’s stock after buying an additional 1,798 shares during the period. Illinois Municipal Retirement Fund’s holdings in DTE Energy were worth $7,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Keybank National Association OH raised its position in DTE Energy by 1.6% during the second quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 72 shares during the period. Atria Investments Inc raised its position in shares of DTE Energy by 0.6% during the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after purchasing an additional 72 shares during the last quarter. Graypoint LLC lifted its stake in DTE Energy by 3.8% in the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock valued at $279,000 after buying an additional 74 shares in the last quarter. Stephens Inc. AR lifted its stake in DTE Energy by 1.8% in the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider’s stock valued at $630,000 after buying an additional 81 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in DTE Energy by 1.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE stock opened at $139.71 on Wednesday. DTE Energy Company has a 52-week low of $116.30 and a 52-week high of $143.79. The business has a fifty day moving average of $138.50 and a two-hundred day moving average of $136.83. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.During the same period in the prior 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. As a group, research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $149.00 target price on shares of DTE Energy in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Bank of America lifted their target price on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. One equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.25.

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.