DTE EnergyDTE
Market Cap: $25.5B
About: DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
Employees: 9,950
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]
95% more call options, than puts
Call options by funds: $39.4M | Put options by funds: $20.1M
18% more repeat investments, than reductions
Existing positions increased: 303 | Existing positions reduced: 257
12% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 65
1% more funds holding
Funds holding: 775 [Q1] → 783 (+8) [Q2]
0.96% less ownership
Funds ownership: 78.0% [Q1] → 77.04% (-0.96%) [Q2]
2% less capital invested
Capital invested by funds: $18.1B [Q1] → $17.7B (-$389M) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target | 10%upside $135 | Market Perform Maintained | 6 Sept 2024 |
B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 10%upside $136 | Buy Maintained | 29 Aug 2024 |
Morgan Stanley Stephen Byrd 60% 1-year accuracy 40 / 67 met price target | 2%downside $121 | Overweight Maintained | 23 Aug 2024 |
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target | 11%upside $137 | Sector Outperform Maintained | 20 Aug 2024 |
Ladenburg Thalmann Paul Fremont 94% 1-year accuracy 15 / 16 met price target | 6%upside $131 | Buy Initiated | 14 Aug 2024 |
Financial journalist opinion
Based on 10 articles about DTE published over the past 30 days