DTE Energy (NYSE:DTE) Sets New 12-Month High – Time to Buy?

DTE Energy Company (NYSE:DTE) shares hit a new 52-week high on Friday . The company traded as high as $154.71 and last traded at $154.5450, with a volume of 488946 shares changing hands. The stock had previously closed at $152.81.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho set a $165.00 target price on shares of DTE Energy in a research note on Friday, May 1st. JPMorgan Chase & Co. cut their price target on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.00 price target on shares of DTE Energy in a report on Wednesday, April 8th. Barclays lowered their price objective on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.

DTE Energy Trading Up 1.2%

The business has a fifty day simple moving average of $145.39 and a 200 day simple moving average of $141.36. The stock has a market cap of $32.17 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.37 and a beta of 0.39. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter in the prior year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio is 76.77%.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in DTE Energy in the 4th quarter worth approximately $25,000. Key Financial Inc purchased a new position in shares of DTE Energy during the 1st quarter worth $29,000. Torren Management LLC acquired a new stake in shares of DTE Energy during the fourth quarter worth $26,000. Quest 10 Wealth Builders Inc. boosted its holdings in shares of DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 181 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.