Brokerages Set DTE Energy Company (NYSE:DTE) PT at $147.75

DTE Energy Company (NYSE:DTE) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $147.3333.

Several analysts recently issued reports on the company. Barclays cut their target price on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Jefferies Financial Group upgraded DTE Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $149.00 to $150.00 in a research report on Thursday, December 11th. JPMorgan Chase & Co. decreased their target price on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Scotiabank dropped their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Wells Fargo & Company reduced their price objective on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of DTE Energy by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after purchasing an additional 1,042,589 shares during the period. State Street Corp raised its holdings in DTE Energy by 2.3% in the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after purchasing an additional 247,747 shares in the last quarter. Capital World Investors lifted its position in DTE Energy by 5.9% during the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after buying an additional 552,346 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after buying an additional 602,602 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of DTE Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock worth $692,535,000 after buying an additional 154,594 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE:DTE opened at $135.61 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. DTE Energy has a fifty-two week low of $116.30 and a fifty-two week high of $143.79. The firm has a market cap of $28.16 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.49. The business has a 50 day moving average price of $132.23 and a 200-day moving average price of $135.99.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same period in the prior year, the business posted $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. Equities research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a dividend of $1.165 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, December 15th. DTE Energy’s dividend payout ratio is presently 69.97%.

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.