DTE Energy (NYSE:DTE) Price Target Lowered to $155.00 at JPMorgan Chase & Co.

DTE Energy (NYSE:DTE) had its target price trimmed by JPMorgan Chase & Co. from $160.00 to $155.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

Several other equities analysts also recently commented on the stock. Bank of America reiterated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a report on Wednesday, April 8th. Finally, Mizuho set a $165.00 price objective on shares of DTE Energy in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $157.58.

DTE Energy Stock Performance

NYSE DTE opened at $143.77 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The firm’s fifty day moving average price is $146.42 and its two-hundred day moving average price is $139.33. DTE Energy has a 1 year low of $126.23 and a 1 year high of $154.63. The firm has a market capitalization of $29.91 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 3.10 and a beta of 0.41.

DTE Energy (NYSE:DTE) last posted its quarterly 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). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the company posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts anticipate that DTE Energy will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be issued a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 22nd. DTE Energy’s payout ratio is currently 76.77%.

Hedge Funds Weigh In On DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in shares of DTE Energy in the fourth quarter valued at about $25,000. Key Financial Inc acquired a new position in shares of DTE Energy in the first quarter valued at about $29,000. Cloud Capital Management LLC acquired a new position in shares of DTE Energy in the third quarter valued at about $28,000. Torren Management LLC acquired a new position in shares of DTE Energy in the fourth quarter valued at about $26,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.