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

Illinois Municipal Retirement Fund raised its position in shares of DTE Energy Company (NYSE:DTE) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,215 shares of the utilities provider’s stock after buying an additional 1,798 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in DTE Energy were worth $7,844,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DTE. UBS Group boosted their target price on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Scotiabank dropped their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Morgan Stanley upped their price objective on shares of DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.25.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

DTE Energy Stock Up 0.4%

Shares of DTE stock opened at $139.71 on Wednesday. DTE Energy Company has a twelve month low of $116.30 and a twelve month high of $143.79. The stock 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 stock has a 50 day moving average of $138.50 and a 200 day moving average of $136.83. 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 (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 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 analyst estimates of $3.23 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.During the same quarter in the prior year, the firm 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, sell-side analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

About DTE Energy

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.