DTE Energy Company (NYSE:DTE) Receives $158.62 Consensus Price Target from Analysts

DTE Energy Company (NYSE:DTE) has been given an average rating of “Moderate Buy” by the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $158.6154.

Several equities research analysts have issued reports on DTE shares. Barclays lowered their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a research note on Monday, June 15th. BMO Capital Markets upped their price objective on DTE Energy from $148.00 to $150.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. TD Cowen initiated coverage on shares of DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price on the stock. Finally, Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st.

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of DTE Energy in the second quarter valued at approximately $3,915,284,000. Millennium Management LLC lifted its position in shares of DTE Energy by 227.4% during the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock worth $352,016,000 after buying an additional 1,895,631 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of DTE Energy in the 2nd quarter valued at approximately $170,977,000. Balyasny Asset Management L.P. acquired a new stake in DTE Energy in the fourth quarter valued at approximately $139,423,000. Finally, Cohen & Steers Inc. acquired a new stake in shares of DTE Energy during the 4th quarter valued at $125,604,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 0.5%

NYSE DTE opened at $138.37 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $28.79 billion, a PE ratio of 21.89, a P/E/G ratio of 3.01 and a beta of 0.38. The stock has a 50-day simple moving average of $146.99 and a 200 day simple moving average of $145.13. DTE Energy has a 12 month low of $126.23 and a 12 month high of $155.74.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.18. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter last year, the firm earned $1.36 EPS. Research analysts forecast that DTE Energy will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is presently 73.73%.

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.