Howe & Rusling Inc. Sells 29,262 Shares of DTE Energy Company $DTE

Howe & Rusling Inc. reduced its position in DTE Energy Company (NYSE:DTE) by 26.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 80,550 shares of the utilities provider’s stock after selling 29,262 shares during the period. Howe & Rusling Inc.’s holdings in DTE Energy were worth $10,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DTE. Vanguard Group Inc. grew its stake in shares of DTE Energy by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after acquiring an additional 1,042,589 shares during the period. Goldman Sachs Group Inc. boosted its position in DTE Energy by 65.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after purchasing an additional 637,378 shares during the period. JPMorgan Chase & Co. boosted 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 purchasing an additional 512,567 shares during the period. Nuveen LLC purchased a new position in shares of DTE Energy in the first quarter worth about $67,315,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of DTE Energy by 44.7% in the first quarter. The Manufacturers Life Insurance Company now owns 721,209 shares of the utilities provider’s stock valued at $99,722,000 after purchasing an additional 222,894 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several analyst reports. Barclays raised their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Morgan Stanley raised their price target on DTE Energy from $137.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Finally, BMO Capital Markets lifted their target price on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. One 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 company. According to data from MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average price target of $149.25.

DTE Energy Trading Down 1.5%

DTE Energy stock opened at $134.96 on Thursday. The stock has a market cap of $28.03 billion, a P/E ratio of 19.42, a PEG ratio of 2.97 and a beta of 0.45. DTE Energy Company has a fifty-two week low of $116.30 and a fifty-two week high of $143.79. The firm’s fifty day moving average price is $138.73 and its 200-day moving average price is $136.87. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94.

DTE Energy (NYSE:DTE) last posted 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 return on equity of 12.72% and a net margin of 10.16%.The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the business 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. Equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share 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.