DTE Energy (NYSE:DTE) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their price target on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley restated an “overweight” rating and set a $153.00 price objective on shares of DTE Energy in a research report on Friday, February 20th. Argus raised DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. UBS Group decreased their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $151.31.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $148.97 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The company has a market cap of $30.96 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.76 and a beta of 0.47. The company has a 50 day moving average of $138.18 and a 200-day moving average of $136.93. DTE Energy has a 1-year low of $123.69 and a 1-year high of $154.63.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the firm posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 annualized dividend and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is 66.38%.

Hedge Funds Weigh In On DTE Energy

Several large investors have recently bought and sold shares of DTE. Vanguard Group Inc. grew its holdings in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares during the last quarter. Capital Research Global Investors raised its holdings in DTE Energy by 3.1% in the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after buying an additional 379,443 shares during the last quarter. State Street Corp raised its holdings in DTE Energy by 2.5% in the 4th quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after buying an additional 272,068 shares during the last quarter. Capital World Investors boosted its position in DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after buying an additional 552,346 shares during the period. Finally, Geode Capital Management LLC boosted its position in DTE Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after buying an additional 117,322 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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.