DTE Energy Company (NYSE:DTE) Given Consensus Rating of “Moderate Buy” by Analysts

DTE Energy Company (NYSE:DTE) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $156.6667.

DTE has been the topic of several analyst reports. Truist Financial dropped their target price on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley set a $146.00 target price on shares of DTE Energy in a research note on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and set a $170.00 price objective on shares of DTE Energy in a report on Wednesday, April 8th. Barclays decreased their price objective on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Finally, Weiss Ratings cut shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. LFG Wealth Partners LLC raised its holdings in shares of DTE Energy by 3.2% during the first quarter. LFG Wealth Partners LLC now owns 5,474 shares of the utilities provider’s stock valued at $800,000 after purchasing an additional 172 shares during the last quarter. DV Trading LLC raised its holdings in shares of DTE Energy by 433.3% during the first quarter. DV Trading LLC now owns 1,600 shares of the utilities provider’s stock valued at $234,000 after purchasing an additional 1,300 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of DTE Energy by 33.2% during the first quarter. Parallel Advisors LLC now owns 2,916 shares of the utilities provider’s stock valued at $426,000 after purchasing an additional 727 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of DTE Energy during the first quarter valued at approximately $36,000. Finally, Foguth Wealth Management LLC. increased its holdings in DTE Energy by 2.9% during the first quarter. Foguth Wealth Management LLC. now owns 5,111 shares of the utilities provider’s stock valued at $730,000 after buying an additional 146 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Up 0.0%

Shares of NYSE DTE opened at $147.62 on Wednesday. The firm’s 50 day moving average price is $145.15 and its 200-day moving average price is $140.76. The company has a market cap of $30.71 billion, a PE ratio of 24.32, a P/E/G ratio of 3.22 and a beta of 0.39. DTE Energy has a 52-week low of $126.23 and a 52-week high of $154.63. 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 earnings results 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 firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter in the prior year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts expect that DTE Energy will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s payout ratio is presently 76.77%.

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.