DTE Energy (NYSE:DTE) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research note released on Saturday.

Other equities analysts have also issued research reports about the company. UBS Group reduced their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Jefferies Financial Group raised shares of DTE Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $149.00 to $150.00 in a report on Thursday, December 11th. Scotiabank lowered their price target on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Bank of America lifted their price objective on shares of DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Barclays upped their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.00.

DTE Energy Trading Up 0.5%

DTE Energy stock opened at $128.26 on Friday. The stock has a 50-day moving average price of $135.76 and a 200 day moving average price of $136.27. The company has a market capitalization of $26.64 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.47. DTE Energy has a 52 week low of $116.30 and a 52 week high of $143.79. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the firm posted $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio is 69.97%.

Institutional Trading of DTE Energy

Large investors have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of DTE Energy by 6.2% during the third quarter. Allworth Financial LP now owns 5,565 shares of the utilities provider’s stock worth $787,000 after buying an additional 324 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of DTE Energy by 13.5% during the 3rd quarter. IFP Advisors Inc now owns 3,737 shares of the utilities provider’s stock worth $537,000 after acquiring an additional 445 shares during the period. Swiss Life Asset Management Ltd boosted its position in shares of DTE Energy by 39.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 19,292 shares of the utilities provider’s stock valued at $2,728,000 after acquiring an additional 5,480 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of DTE Energy in the third quarter valued at about $4,085,000. Finally, Asset Dedication LLC grew its holdings in shares of DTE Energy by 88.4% in the third quarter. Asset Dedication LLC now owns 228 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 107 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.