DTE Energy (NYSE:DTE) Upgraded at Wall Street Zen

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

DTE has been the topic of several other research reports. Morgan Stanley set a $138.00 target price on shares of DTE Energy in a report on Tuesday, December 16th. Bank of America boosted their target price on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $149.00 to $150.00 in a report on Thursday, December 11th. Barclays upped their price objective on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.33.

DTE Energy Stock Performance

NYSE:DTE opened at $130.27 on Friday. The business’s fifty day moving average price is $132.42 and its 200 day moving average price is $135.86. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The firm has a market capitalization of $27.05 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49. DTE Energy has a 12 month low of $116.30 and a 12 month high of $143.79.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same quarter last 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, sell-side analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

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

Institutional Trading of DTE Energy

Several large investors have recently added to or reduced their stakes in DTE. Quintet Private Bank Europe S.A. acquired a new stake in DTE Energy during the 2nd quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in DTE Energy in the 3rd quarter valued at about $28,000. Clean Yield Group acquired a new stake in shares of DTE Energy during the third quarter valued at about $28,000. Cloud Capital Management LLC acquired a new stake in shares of DTE Energy during the third quarter valued at about $28,000. Finally, Capital A Wealth Management LLC increased its position in shares of DTE Energy by 5,775.0% during the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 231 shares during 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.