DTE Energy Company (NYSE:DTE) Receives Average Rating of “Moderate Buy” from Brokerages

DTE Energy Company (NYSE:DTE) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $148.3333.

Several equities analysts have recently issued reports on DTE shares. Scotiabank lowered their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Morgan Stanley set a $138.00 price objective on shares of DTE Energy in a report on Tuesday, December 16th. Finally, Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th.

DTE Energy Price Performance

Shares of DTE opened at $129.15 on Wednesday. The firm’s 50-day simple moving average is $134.71 and its two-hundred day simple moving average is $136.12. DTE Energy has a fifty-two week low of $116.30 and a fifty-two week high of $143.79. The stock has a market cap of $26.82 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.53 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous 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. Analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, December 15th. 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%. DTE Energy’s dividend payout ratio is currently 69.97%.

Institutional Investors Weigh In On DTE Energy

Several large investors have recently bought and sold shares of DTE. Quintet Private Bank Europe S.A. purchased a new stake in shares of DTE Energy during the 2nd quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in DTE Energy during the third quarter valued at approximately $28,000. Clean Yield Group purchased a new stake in DTE Energy in the third quarter worth approximately $28,000. Cloud Capital Management LLC bought a new stake in DTE Energy in the 3rd quarter worth approximately $28,000. Finally, Capital A Wealth Management LLC raised its stake in DTE Energy by 5,775.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after buying an additional 231 shares during the last quarter. 76.06% of the stock is currently owned by 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.