DTE Energy Company $DTE Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC trimmed its stake in DTE Energy Company (NYSE:DTE) by 37.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the utilities provider’s stock after selling 4,200 shares during the period. Paradigm Asset Management Co. LLC’s holdings in DTE Energy were worth $927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DTE. Keybank National Association OH increased its position in shares of 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 purchasing an additional 72 shares in the last quarter. Atria Investments Inc lifted its stake in DTE Energy by 0.6% in the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after buying an additional 72 shares during the last quarter. Graypoint LLC boosted its holdings in shares of DTE Energy by 3.8% in the first quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock valued at $279,000 after acquiring an additional 74 shares during the period. Stephens Inc. AR grew its position in shares of DTE Energy by 1.8% during the first quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 81 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in DTE Energy by 1.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after purchasing an additional 82 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DTE has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $149.00 target price on shares of DTE Energy in a report on Monday. Morgan Stanley lifted their target price on DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Bank of America boosted their target price on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Finally, BMO Capital Markets boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.25.

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 transaction, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

DTE Energy Stock Up 1.9%

DTE Energy stock opened at $136.67 on Friday. The stock’s 50 day moving average price is $138.37 and its 200 day moving average price is $136.77. The company has a market cap of $28.38 billion, a PE ratio of 19.66, a price-to-earnings-growth 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. 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 earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the firm 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, sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

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.