Brokerages Set DTE Energy Company (NYSE:DTE) PT at $157.85

Shares of DTE Energy Company (NYSE:DTE) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $158.6923.

Several research analysts have recently issued reports on DTE shares. JPMorgan Chase & Co. raised their target price on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a report on Monday, June 15th. Weiss Ratings cut shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Mizuho set a $165.00 target price on shares of DTE Energy in a report on Friday, May 1st. Finally, Barclays dropped their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th.

DTE Energy Stock Up 1.2%

NYSE DTE opened at $148.73 on Friday. The stock has a market capitalization of $30.94 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 3.21 and a beta of 0.38. DTE Energy has a 52 week low of $126.23 and a 52 week high of $155.74. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a fifty day moving average of $146.85 and a 200-day moving average of $143.61.

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). The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter in the prior year, the business earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts forecast that DTE Energy will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.1%. DTE Energy’s dividend payout ratio is presently 76.77%.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value 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. This represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Northside Capital Management LLC raised its holdings in DTE Energy by 0.5% in the second quarter. Northside Capital Management LLC now owns 26,047 shares of the utilities provider’s stock worth $3,969,000 after purchasing an additional 121 shares during the period. Tema ETFs LLC increased its position in shares of DTE Energy by 8.6% in the 2nd quarter. Tema ETFs LLC now owns 3,679 shares of the utilities provider’s stock valued at $561,000 after buying an additional 290 shares in the last quarter. William Mack & Associates Inc. raised its stake in DTE Energy by 34.8% during the 2nd quarter. William Mack & Associates Inc. now owns 4,615 shares of the utilities provider’s stock worth $703,000 after buying an additional 1,192 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in DTE Energy by 4.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 5,538 shares of the utilities provider’s stock worth $844,000 after acquiring an additional 253 shares in the last quarter. Finally, Revolve Wealth Partners LLC grew its stake in DTE Energy by 8.7% in the second quarter. Revolve Wealth Partners LLC now owns 1,519 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.