BMO Capital Markets Cuts DTE Energy (NYSE:DTE) Price Target to $148.00

DTE Energy (NYSE:DTE) had its price objective trimmed by BMO Capital Markets from $157.00 to $148.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a market perform rating on the utilities provider’s stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. UBS Group decreased their price objective on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Citigroup increased their target price on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company cut their target price on DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $152.17.

DTE Energy Stock Performance

NYSE DTE opened at $144.52 on Thursday. The company has a 50-day simple moving average of $142.43 and a two-hundred day simple moving average of $137.83. DTE Energy has a 12-month low of $123.69 and a 12-month high of $154.63. The firm has a market cap of $30.06 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.65 and a beta of 0.47. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same quarter in the previous year, the company posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities analysts forecast that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.38%.

Hedge Funds Weigh In On DTE Energy

Large investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after purchasing an additional 6,614 shares during the last quarter. Woodline Partners LP boosted its position in shares of DTE Energy by 40.8% during the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after buying an additional 5,072 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of DTE Energy by 6.5% during the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after buying an additional 773 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in DTE Energy in the 2nd quarter worth about $203,000. Finally, American Century Companies Inc. raised its position in DTE Energy by 6.9% in the 2nd quarter. American Century Companies Inc. now owns 135,810 shares of the utilities provider’s stock worth $17,990,000 after buying an additional 8,747 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.