DTE Energy Company (NYSE:DTE) Receives $148.00 Consensus PT from Analysts

DTE Energy Company (NYSE:DTE) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $148.3333.

Several research analysts have issued reports on DTE shares. BMO Capital Markets lowered their price objective on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 24th. Barclays raised their price target on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. UBS Group reduced their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th.

DTE Energy Trading Up 0.1%

DTE opened at $129.80 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. DTE Energy has a 52 week low of $116.30 and a 52 week high of $143.79. The business’s 50 day moving average is $134.18 and its two-hundred day moving average is $136.03. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.15. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same period in the prior year, the company earned $2.22 earnings per share. 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. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, December 15th. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s payout ratio is currently 69.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in DTE Energy by 4.2% in the second 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. Millennium Management LLC increased its position in DTE Energy by 810.6% during the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after purchasing an additional 742,056 shares during the period. Raymond James Financial Inc. raised its stake in shares of DTE Energy by 176.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after buying an additional 648,007 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of DTE Energy by 65.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after buying an additional 637,378 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of DTE Energy by 12.1% in the third 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. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.