DTE Energy Company (NYSE:DTE) Short Interest Update

DTE Energy Company (NYSE:DTE) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 4,280,880 shares, an increase of 20.0% from the December 15th total of 3,568,250 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,601,920 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 1,601,920 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.1% of the company’s stock are sold short.

Analysts Set New Price Targets

DTE has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 24th. Barclays reduced their target price on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Thursday. Bank of America boosted their price objective on shares of DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Morgan Stanley set a $138.00 price target on shares of DTE Energy in a research note on Tuesday, December 16th. Finally, Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $149.00 to $150.00 in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $147.75.

Institutional Investors Weigh In On DTE Energy

A number of large investors have recently added to or reduced their stakes in DTE. Salomon & Ludwin LLC grew its position in DTE Energy by 29.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 70 shares during the last quarter. Keybank National Association OH lifted its stake in shares of DTE Energy by 1.6% in the second quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after buying an additional 72 shares in the last quarter. Atria Investments Inc increased its stake in shares of DTE Energy by 0.6% in the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after acquiring an additional 72 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in shares of DTE Energy by 2.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 73 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of DTE Energy by 1.4% in the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after purchasing an additional 75 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of NYSE DTE traded up $0.90 during midday trading on Monday, hitting $135.51. The company’s stock had a trading volume of 2,221,896 shares, compared to its average volume of 1,165,799. The stock has a fifty day moving average price of $132.31 and a 200 day moving average price of $135.95. DTE Energy has a one year low of $116.30 and a one year high of $143.79. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 2.49 and a beta of 0.49. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate 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 previous year, the firm 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. On average, research analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The company 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 a boost 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%.

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.