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
64% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 61
26% more repeat investments, than reductions
Existing positions increased: 314 | Existing positions reduced: 250
14% more capital invested
Capital invested by funds: $17.9B [Q2] → $20.4B (+$2.48B) [Q3]
5% more funds holding
Funds holding: 791 [Q2] → 830 (+39) [Q3]
2.14% more ownership
Funds ownership: 78.05% [Q2] → 80.19% (+2.14%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target | 22%upside $147 | Sector Outperform Maintained | 12 Dec 2024 |
UBS William Appicelli 56% 1-year accuracy 5 / 9 met price target | 19%upside $143 | Buy Upgraded | 3 Dec 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 23 / 38 met price target | 7%upside $128 | Overweight Maintained | 22 Nov 2024 |
Wells Fargo Neil Kalton 60% 1-year accuracy 28 / 47 met price target | 21%upside $145 | Overweight Maintained | 25 Oct 2024 |
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 73 / 135 met price target | 14%upside $137 | Hold Initiated | 21 Oct 2024 |
Financial journalist opinion
Based on 12 articles about DTE published over the past 30 days
