DTE Energy Company (NYSE:DTE) Receives $147.75 Consensus Target Price from Brokerages

Shares of DTE Energy Company (NYSE:DTE) have earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $147.6667.

Several brokerages have commented on DTE. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. BMO Capital Markets decreased their price target on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a research note on Wednesday, December 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday. Scotiabank decreased their target price on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. lowered 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.

DTE Energy Stock Performance

DTE Energy stock opened at $134.22 on Friday. DTE Energy has a fifty-two week low of $117.56 and a fifty-two week high of $143.79. The stock’s 50 day simple moving average is $132.06 and its two-hundred day simple moving average is $136.05. 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 stock 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 (NYSE:DTE) last announced its 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 firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same quarter in the prior year, the company earned $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. As a group, analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were paid a dividend of $1.165 per share. The ex-dividend date was Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a yield of 3.5%. DTE Energy’s dividend payout ratio (DPR) is presently 69.97%.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently modified their holdings of DTE. Global Wealth Strategies & Associates bought a new position in DTE Energy in the 3rd quarter worth about $28,000. Clean Yield Group bought a new stake in DTE Energy during the 3rd quarter valued at about $28,000. Cloud Capital Management LLC purchased a new position in DTE Energy in the third quarter worth about $28,000. Capital A Wealth Management LLC lifted its stake in shares of DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after buying an additional 231 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of DTE Energy during the third quarter valued at approximately $31,000. 76.06% of the stock is currently owned by institutional investors.

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.