Brokerages Set DTE Energy Company (NYSE:DTE) PT at $155.23

DTE Energy Company (NYSE:DTE) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $156.75.

DTE has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of DTE Energy from $156.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Barclays dropped their price target on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Argus raised shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, Mizuho set a $165.00 price target on shares of DTE Energy in a research report on Friday.

Institutional Investors Weigh In On DTE Energy

Several institutional investors have recently bought and sold shares of DTE. Empowered Funds LLC grew its stake in DTE Energy by 200.7% during the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after buying an additional 6,614 shares during the period. Woodline Partners LP grew its stake in DTE Energy by 40.8% during the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after buying an additional 5,072 shares during the period. Intech Investment Management LLC grew its stake in DTE Energy by 6.5% during the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after buying an additional 773 shares during the period. Sivia Capital Partners LLC purchased a new stake in DTE Energy during the second quarter worth approximately $203,000. Finally, Jump Financial LLC grew its stake in DTE Energy by 154.5% during the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after buying an additional 7,696 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Stock Performance

NYSE:DTE opened at $146.73 on Tuesday. DTE Energy has a 1-year low of $126.23 and a 1-year high of $154.63. The firm has a 50 day simple moving average of $147.10 and a 200-day simple moving average of $139.32. The firm has a market cap of $30.52 billion, a PE ratio of 24.17, a P/E/G ratio of 3.25 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts expect that DTE Energy will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th were paid a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, March 16th. DTE Energy’s payout ratio is currently 76.77%.

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.