DTE Energy
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 Q3 regulatory filings by fund managers ($100M+ AUM)
72% more call options, than puts
Call options by funds: $29.3M | Put options by funds: $17M
33% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 72
25% more repeat investments, than reductions
Existing positions increased: 309 | Existing positions reduced: 247
14% more capital invested
Capital invested by funds: $17.9B [Q2] → $20.4B (+$2.45B) [Q3]
3% more funds holding
Funds holding: 791 [Q2] → 815 (+24) [Q3]
2.04% more ownership
Funds ownership: 78.05% [Q2] → 80.09% (+2.04%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Wells Fargo Neil Kalton 69% 1-year accuracy 33 / 48 met price target | 21%upside $145 | Overweight Maintained | 25 Oct 2024 |
Keybanc Sophie Karp 66% 1-year accuracy 29 / 44 met price target | 15%upside $138 | Overweight Maintained | 22 Oct 2024 |
Jefferies Julien Dumoulin-Smith 55% 1-year accuracy 38 / 69 met price target | 14%upside $137 | Hold Initiated | 21 Oct 2024 |
BMO Capital James Thalacker 74% 1-year accuracy 55 / 74 met price target | 17%upside $140 | Market Perform Maintained | 18 Oct 2024 |
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target | 14%upside $137 | Overweight Maintained | 8 Oct 2024 |
Financial journalist opinion
Based on 11 articles about DTE published over the past 30 days
