DTE Energy Company $DTE Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its DTE Energy stake by 23.3% in the second quarter, selling 12,411 shares and retaining 40,765 shares valued at approximately $6.2 million. Institutional investors collectively own 76.06% of the company.
• DTE Energy reported quarterly EPS of $1.32, beating analysts’ $1.14 estimate, on revenue of $6.74 billion. Shares opened at $128.42, near the lower end of their 52-week range.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $156.46 average price target, although several firms recently lowered their targets; Vice Chairman Trevor Lauer also sold 5,000 shares.

Corient Private Wealth LP lowered its stake in DTE Energy Company (NYSE:DTE - Free Report) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,765 shares of the utilities provider's stock after selling 12,411 shares during the period. Corient Private Wealth LP's holdings in DTE Energy were worth $6,218,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Callan Family Office LLC acquired a new position in DTE Energy during the second quarter worth $1,438,000. Convergence Investment Partners LLC bought a new position in DTE Energy during the first quarter valued at about $3,142,000. Capital Innovations LLC acquired a new stake in shares of DTE Energy in the fourth quarter worth about $1,014,000. Louisiana State Employees Retirement System acquired a new stake in shares of DTE Energy in the first quarter worth about $1,550,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of DTE Energy during the 2nd quarter worth about $2,236,000. Institutional investors and hedge funds own 76.06% of the company's stock.

Insiders Place Their Bets

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total value of $678,550.00. Following the transaction, the insider directly owned 73,122 shares in the company, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

DTE Energy Price Performance

Shares of DTE stock opened at $128.42 on Friday. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.74. The stock has a market capitalization of $26.72 billion, a PE ratio of 20.32, a PEG ratio of 2.84 and a beta of 0.37. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. The stock's fifty day moving average is $139.60 and its 200-day moving average is $144.28.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. Equities research analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DTE shares. Mizuho reduced their target price on DTE Energy from $164.00 to $152.00 and set an "outperform" rating for the company in a report on Thursday, August 27th. Weiss Ratings upgraded DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. BMO Capital Markets dropped their price target on shares of DTE Energy from $150.00 to $143.00 and set a "market perform" rating on the stock in a research report on Friday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Finally, Truist Financial decreased their price objective on shares of DTE Energy from $166.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.46.

Key DTE Energy News

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE’s agreements with major hyperscalers could make it a potential beneficiary of the data-center power buildout. The anticipated increase in electricity demand may support long-term earnings and infrastructure growth. DTE Could Be One of the Quiet Winners of the Data Center Boom
• Positive Sentiment: Although Morgan Stanley lowered its price target to $141 from $148, it maintained an “overweight” rating, implying the stock remains viewed as undervalued relative to its expected performance. Morgan Stanley Adjusts DTE Energy Price Target
• Positive Sentiment: A separate analysis argues that DTE’s dividend and valuation make the stock potentially undervalued, providing support for income-focused investors. DTE Energy Stock May Be Undervalued on Dividend Strength
• Neutral Sentiment: DTE’s CEO highlighted the company’s long-running support for DAPCEP, a Detroit education and workforce-development organization. The announcement strengthens DTE’s community and talent-development profile but has limited immediate earnings impact. Why DTE’s CEO Is Thankful for DAPCEP’s Support
• Negative Sentiment: The Morgan Stanley target reduction reflects more cautious near-term expectations and likely contributed to selling pressure, despite the continued overweight recommendation. DTE Energy Stock Slips as Morgan Stanley Cuts Target
• Negative Sentiment: Calls from John James for greater electricity competition in DTE’s market could create longer-term regulatory and pricing risks if they lead to changes in the company’s operating environment. John James Calls for More Electricity Competition

DTE Energy Profile

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.

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