KBC Group NV Sells 875 Shares of DTE Energy Company $DTE

KBC Group NV decreased its stake in DTE Energy Company (NYSE:DTE) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,551 shares of the utilities provider’s stock after selling 875 shares during the period. KBC Group NV’s holdings in DTE Energy were worth $2,457,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its position in DTE Energy by 11.8% in the 1st quarter. Apollon Wealth Management LLC now owns 2,415 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 254 shares during the last quarter. Graypoint LLC lifted its stake 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 buying an additional 74 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DTE Energy in the first quarter valued at about $28,000. Csenge Advisory Group grew its position in DTE Energy by 5.0% during the first quarter. Csenge Advisory Group now owns 3,433 shares of the utilities provider’s stock worth $459,000 after buying an additional 162 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in DTE Energy by 116.2% during the first quarter. IFP Advisors Inc now owns 17,046 shares of the utilities provider’s stock valued at $2,357,000 after acquiring an additional 9,162 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on DTE shares. Morgan Stanley upped their price target on DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. BMO Capital Markets upped their target price on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $149.00 price objective on shares of DTE Energy in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.25.

DTE Energy Stock Down 0.5%

Shares of NYSE DTE opened at $137.07 on Monday. DTE Energy Company has a 52-week low of $116.30 and a 52-week high of $143.79. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The business has a fifty day moving average of $138.64 and a two-hundred day moving average of $136.87. The stock has a market cap of $28.47 billion, a PE ratio of 19.72, a PEG ratio of 2.97 and a beta of 0.45.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.15. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates 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 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. As a group, equities research analysts expect 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.