DTE Energy Company (NYSE:DTE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

DTE Energy Company (NYSE:DTE) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $149.25.

Several brokerages have commented on DTE. BMO Capital Markets raised their price objective on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Scotiabank decreased their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Morgan Stanley lifted their price target on shares of DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $149.00 price objective on shares of DTE Energy in a report on Monday, November 3rd.

DTE Energy Stock Up 1.9%

DTE stock opened at $136.67 on Tuesday. DTE Energy has a one year low of $116.30 and a one year high of $143.79. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The firm’s fifty day moving average is $138.37 and its 200 day moving average is $136.77. The firm has a market cap of $28.38 billion, a PE ratio of 19.66, a P/E/G ratio of 2.97 and a beta of 0.45.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the company posted $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts forecast that DTE Energy will post 7.18 EPS for the current year.

Insiders Place Their Bets

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the sale, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On DTE Energy

Hedge funds have recently made changes to their positions in the company. Ontario Teachers Pension Plan Board boosted its stake in shares of DTE Energy by 11.1% in the third quarter. Ontario Teachers Pension Plan Board now owns 50,057 shares of the utilities provider’s stock worth $7,080,000 after acquiring an additional 5,004 shares during the last quarter. L & S Advisors Inc purchased a new position in DTE Energy in the 3rd quarter valued at $3,754,000. Synovus Financial Corp acquired a new stake in DTE Energy during the 3rd quarter worth $227,000. Essex Financial Services Inc. boosted its stake in DTE Energy by 23.5% during the 3rd quarter. Essex Financial Services Inc. now owns 3,631 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 690 shares during the last quarter. Finally, Syon Capital LLC grew its holdings in shares of DTE Energy by 31.0% during the third quarter. Syon Capital LLC now owns 4,239 shares of the utilities provider’s stock worth $600,000 after buying an additional 1,004 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.