DTE Energy (NYSE:DTE) Given New $144.00 Price Target at Mizuho

DTE Energy (NYSE:DTE) had its price objective upped by investment analysts at Mizuho from $140.00 to $144.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price objective points to a potential upside of 7.28% from the stock’s previous close.

DTE has been the topic of a number of other research reports. Barclays dropped their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. UBS Group lowered 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. BMO Capital Markets dropped their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a report on Wednesday, December 24th. Jefferies Financial Group raised shares of DTE Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $149.00 to $150.00 in a report on Thursday, December 11th. Finally, Bank of America lifted their target price on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $147.38.

DTE Energy Trading Down 0.7%

Shares of DTE opened at $134.22 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. The firm has a market cap of $27.88 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.46 and a beta of 0.49. DTE Energy has a 52-week low of $117.56 and a 52-week high of $143.79. The business’s fifty day moving average is $132.06 and its 200-day moving average is $136.09.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same period in the prior year, the business earned $2.22 earnings per share. 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. Equities analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

Hedge Funds Weigh In On DTE Energy

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of DTE Energy by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after purchasing an additional 1,042,589 shares during the last quarter. State Street Corp grew its position in DTE Energy by 2.3% in the 3rd quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after purchasing an additional 247,747 shares during the period. Capital World Investors boosted its stake in shares of DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after buying an additional 552,346 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in DTE Energy by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after acquiring an additional 602,602 shares during the period. Finally, Geode Capital Management LLC increased its holdings in DTE Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock valued at $692,535,000 after buying an additional 154,594 shares during the last quarter. 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.