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

Shares of DTE Energy Company (NYSE:DTE) have received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $157.00.

DTE has been the subject of several recent analyst reports. Mizuho lowered their price target on DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research note on Thursday, July 9th. Weiss Ratings raised shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Morgan Stanley dropped their target price on shares of DTE Energy from $153.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a report on Thursday, July 16th.

DTE Energy Stock Down 0.1%

DTE stock opened at $135.88 on Monday. The business has a 50 day moving average of $143.49 and a 200 day moving average of $145.18. The firm has a market cap of $28.28 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.37. DTE Energy has a twelve month low of $126.23 and a twelve month high of $155.74. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the previous year, the company posted $1.36 earnings per share. On average, research analysts forecast that DTE Energy will post 7.71 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.4%. DTE Energy’s dividend payout ratio is 73.73%.

Key DTE Energy News

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE maintained its quarterly dividend at $1.165 per share, equivalent to $4.66 annually and a yield of approximately 3.4%. The dividend provides income support for investors, although the payout ratio is relatively high at 73.7%. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Positive Sentiment: Analysts retain a generally favorable view, with a consensus rating of “Moderate Buy” and an average price target of $157, above the recent trading range. However, several firms have recently reduced their targets, reflecting some caution around valuation and utility-sector conditions. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Neutral Sentiment: Longtime director David A. Thomas plans to retire from DTE Energy’s board. The change may attract governance attention, but no immediate effect on operations or earnings was disclosed. DTE Energy Announces Retirement of Longtime Board Director
• Negative Sentiment: Severe storms left roughly 250,000 Michigan customers without power, with DTE customers hit hardest. Restoration work could increase costs and renew scrutiny of reliability and infrastructure spending. 250K Without Power Across Michigan
• Negative Sentiment: A DTE-backed group lost its appeal against Ann Arbor’s public power proposal, potentially increasing the long-term risk of municipal competition and customer loss in one of its service areas. DTE-Backed Group Loses Appeal Against Ann Arbor Public Power Proposal
• Negative Sentiment: Vice Chairman Trevor Lauer sold 5,000 shares worth approximately $678,550, reducing his direct ownership by 6.4%. While the sale may have been planned, insider selling can weigh on sentiment. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares

Insider Buying and Selling

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total value of $678,550.00. Following the completion of the transaction, the insider owned 73,122 shares in the company, valued at $9,923,386.62. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On DTE Energy

Large investors have recently bought and sold shares of the business. Convergence Investment Partners LLC bought a new position in shares of DTE Energy during the 1st quarter valued at $3,142,000. Louisiana State Employees Retirement System purchased a new position in shares of DTE Energy in the 1st quarter worth $1,550,000. Callan Family Office LLC bought a new stake in shares of DTE Energy in the second quarter worth $1,438,000. Capital Innovations LLC purchased a new stake in DTE Energy during the fourth quarter valued at $1,014,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in DTE Energy during the second quarter valued at $2,236,000. 76.06% of the stock is currently owned by institutional investors.

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.