DTE Energy (NYSE:DTE) Raised to Hold at Wall Street Zen

DTE Energy (NYSE:DTEGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also recently weighed in on DTE. Morgan Stanley set a $138.00 price objective on DTE Energy in a report on Tuesday, December 16th. Bank of America lifted their price target on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Jefferies Financial Group raised shares of DTE Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $149.00 to $150.00 in a research note on Thursday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Finally, Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $148.33.

Read Our Latest Analysis on DTE

DTE Energy Stock Up 0.2%

NYSE:DTE opened at $129.90 on Friday. The company has a market cap of $26.98 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.38 and a beta of 0.49. 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’s fifty day moving average price is $132.49 and its two-hundred day moving average price is $135.81. DTE Energy has a 52-week low of $116.30 and a 52-week high of $143.79.

DTE Energy (NYSE:DTEGet Free Report) last released its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same period last year, the firm 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. On average, analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

Institutional Investors Weigh In On DTE Energy

Large investors have recently modified their holdings of the business. Salomon & Ludwin LLC raised its holdings in shares of DTE Energy by 29.8% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 70 shares during the last quarter. Keybank National Association OH lifted its position in DTE Energy by 1.6% during the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after buying an additional 72 shares in the last quarter. Atria Investments Inc boosted its stake in shares of DTE Energy by 0.6% during the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after buying an additional 72 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of DTE Energy by 2.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 73 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of DTE Energy by 1.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 75 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

Trending Headlines about DTE Energy

Here are the key news stories impacting DTE Energy this week:

About DTE Energy

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for DTE Energy (NYSE:DTE)

Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.