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

DTE Energy Company (NYSE:DTE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $148.00.

Several equities research analysts have commented on DTE shares. Bank of America boosted their target price on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. UBS Group cut their price objective on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their price objective on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, 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 report on Friday, October 31st.

DTE Energy Trading Up 0.1%

NYSE:DTE opened at $128.48 on Wednesday. The firm has a market capitalization of $26.68 billion, a P/E ratio of 19.29, a PEG ratio of 2.52 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. DTE Energy has a one year low of $116.30 and a one year high of $143.79. The company’s 50-day simple moving average is $135.49 and its 200 day simple moving average is $136.23.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last 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. As a group, analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.6%. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Monday, December 15th. DTE Energy’s payout ratio is 69.97%.

Institutional Trading of DTE Energy

Several institutional investors have recently added to or reduced their stakes in DTE. Price T Rowe Associates Inc. MD lifted its holdings in shares of DTE Energy by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 315,992 shares of the utilities provider’s stock valued at $43,693,000 after purchasing an additional 9,469 shares in the last quarter. CW Advisors LLC lifted its stake in DTE Energy by 11.4% during the 1st quarter. CW Advisors LLC now owns 5,049 shares of the utilities provider’s stock valued at $698,000 after acquiring an additional 515 shares during the period. AlphaQuest LLC boosted its holdings in shares of DTE Energy by 28,600.0% during the 1st quarter. AlphaQuest LLC now owns 287 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 286 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of DTE Energy by 1.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after acquiring an additional 82 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of DTE Energy by 10.8% during the first quarter. Smartleaf Asset Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 275 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.