DTE Energy Company (NYSE:DTE) Given Average Rating of “Moderate Buy” by Analysts

Shares of DTE Energy Company (NYSE:DTE) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $156.25.

DTE has been the topic of a number of analyst reports. Morgan Stanley set a $146.00 target price on shares of DTE Energy in a research report on Thursday. Citigroup raised their target price on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Barclays decreased their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. Finally, Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of DTE Energy

Several institutional investors have recently made changes to their positions in the stock. WNY Asset Management LLC purchased a new stake in shares of DTE Energy during the 1st quarter valued at $2,064,000. Western Wealth Management LLC purchased a new stake in shares of DTE Energy during the 1st quarter valued at $89,000. Bank of America Corp DE grew its stake in shares of DTE Energy by 17.1% during the 1st quarter. Bank of America Corp DE now owns 1,718,225 shares of the utilities provider’s stock valued at $251,239,000 after buying an additional 250,628 shares during the period. Kentucky Retirement Systems grew its stake in shares of DTE Energy by 12.2% during the 1st quarter. Kentucky Retirement Systems now owns 14,597 shares of the utilities provider’s stock valued at $2,134,000 after buying an additional 1,588 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of DTE Energy by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock valued at $451,022,000 after buying an additional 40,346 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Stock Up 1.1%

Shares of NYSE DTE opened at $145.30 on Friday. DTE Energy has a 1 year low of $126.23 and a 1 year high of $154.63. The firm’s 50 day moving average price is $145.70 and its 200 day moving average price is $139.49. The firm has a market cap of $30.23 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $4.37 billion. During the same quarter last year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts anticipate that DTE Energy will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be paid a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. 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.