Analysts Set DTE Energy Company (NYSE:DTE) PT at $148.00

DTE Energy Company (NYSE:DTE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $148.3333.

Several equities analysts recently weighed in on DTE shares. JPMorgan Chase & Co. cut their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company upgraded DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Bank of America increased their price objective on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Scotiabank dropped their target price on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Jefferies Financial Group upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $149.00 to $150.00 in a research note on Thursday, December 11th.

DTE Energy Price Performance

NYSE DTE opened at $129.15 on Wednesday. DTE Energy has a 1 year low of $116.30 and a 1 year high of $143.79. The company has a fifty day simple moving average of $134.71 and a 200 day simple moving average of $136.10. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. The company has a market cap of $26.82 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.52 and a beta of 0.47.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter 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. On average, sell-side analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $1.165 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. DTE Energy’s dividend payout ratio (DPR) is currently 69.97%.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTE. Price T Rowe Associates Inc. MD grew its holdings in shares of DTE Energy by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 315,992 shares of the utilities provider’s stock worth $43,693,000 after purchasing an additional 9,469 shares in the last quarter. CW Advisors LLC lifted its position in DTE Energy by 11.4% in the first quarter. CW Advisors LLC now owns 5,049 shares of the utilities provider’s stock worth $698,000 after purchasing an additional 515 shares during the period. AlphaQuest LLC lifted its position in DTE Energy by 28,600.0% in the first quarter. AlphaQuest LLC now owns 287 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 286 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in DTE Energy by 1.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after buying an additional 82 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in DTE Energy by 10.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $386,000 after buying an additional 275 shares during the period. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Company Profile

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.