DTE Energy Company (DTE): One of the Best WallStreetBets Stocks to Buy According to Hedge Funds

Insider Monkey
20 Apr

We recently published a list of 12 Best WallStreetBets Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where DTE Energy Company (NYSE:DTE) stands against other best WallStreetBets stocks to buy according to hedge funds.

The World Economic Forum’s Global Retail Investor Outlook 2024 highlighted a sustained transition towards younger retail investors. The research, which spans 13 economies, reflects that 30% of Gen Z start investing in early adulthood, against 9% of Gen X and 6% of Baby Boomers. By the time they enter the workforce, the research demonstrated that 86% of Gen Z have learned about personal investing as compared to 47% of Boomers, highlighting a generational transformation in financial habits.

Current Retail Investor Trends

WEF’s survey mentions that retail investors continue to view cryptocurrency as more understandable and easier as compared to traditional investments such as ETFs, MFs, stocks, and bonds. As per the research, 29% tend to avoid stocks because of a lack of understanding, while only 24% mention the same regarding crypto. Interestingly, among the investors aged under 44 holding cryptocurrencies, over half allocated at least a third of their portfolio to it.

Furthermore, WEF’s research mentioned that financial priorities have been pivoting towards short-term needs. In 2024, 51% of investors focused on emergency savings, reflecting an increase from 41% in 2022, while those who emphasized having sufficient to retire declined from 48% to 42%. As per Dean Frankle, Managing Director and Partner, BCG, individual participation in capital markets can result in long-term financial well-being.

READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.

Retail Investors Continue to Pump Billions

Bloomberg reported that individual investors are becoming relentless when it comes to investing money in the volatile US markets. The firm, while quoting JPMorgan Chase & Co.’s Emma Wu, mentioned that considering the continuous dip-buying strategy throughout the crash, there are estimates that retail traders’ portfolios remain far from breakeven. However, individual investors’ strategy of “buy-the-dip” amidst trade fears has been doing better as compared to the broader market.

Interestingly, retail investors invested US$11 billion in equities since April 2, when Trump’s administration revealed reciprocal levies, reported Bloomberg, while citing data through Wednesday’s close (April 9, 2025). Bloomberg also highlighted that individual investors continue to dip their toes into stocks, while well-established institutional investors are rotating into international markets and less risky assets, including Treasuries.

Our Methodology

To list the 12 Best WallStreetBets Stocks To Buy According to Hedge Funds, we sifted through the WallStreetBets forum on Reddit and chose the trending ones. Next, we shortlisted the ones that are popular among hedge funds. Finally, the stocks are ranked in ascending order of their hedge fund sentiments, as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

An aerial view of a power plant surrounded by majestic rolling hills.

DTE Energy Company (NYSE:DTE)

Number of Hedge Fund Holders: 35

DTE Energy Company (NYSE:DTE) is engaged in the energy-related businesses and services. In 2024, the company invested a historic $4 billion to modernize its infrastructure, allowing it to make strong progress in building the electric grid of the future and upgrading its natural gas pipelines to produce more reliable, affordable, and cleaner energy.  DTE Energy Company (NYSE:DTE)’s progress in 2024 positions the company to support Michigan’s economic growth by powering the growth of data centers and the electrification of vehicles.

DTE Energy Company (NYSE:DTE)’s renewable energy portfolio currently consists of 20 wind parks and 34 solar parks, all of them located in Michigan. The company has invested $4.6 billion in renewable energy infrastructure since 2009 and targets to invest an additional $4 billion in renewable energy over the next several years. In 2025, DTE Energy Company (NYSE:DTE) will have 3 new solar parks coming online in H1 of the year, with 3 additional solar parks starting construction. The 6 parks are expected to total 800 megawatts, enough clean energy to power over 220,000 homes. These developments can help the company make strong progress towards its goal of achieving net-zero carbon emissions and meeting the State of Michigan’s clean energy goals.

Overall, DTE ranks 11th on our list of best WallStreetBets stocks to buy according to hedge funds. While we acknowledge the potential of DTE as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for a deeply undervalued AI stock that is more promising than DTE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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