Short Interest in DTE Energy Company (NYSE:DTE) Rises By 20.8%

DTE Energy Company (NYSE:DTE) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 5,352,024 shares, a growth of 20.8% from the March 15th total of 4,431,337 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 1,166,793 shares, the short-interest ratio is currently 4.6 days.

DTE Energy Price Performance

DTE Energy stock opened at $147.08 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. The company has a market capitalization of $30.60 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.70 and a beta of 0.43. DTE Energy has a one year low of $126.23 and a one year high of $154.63. The business has a 50 day simple moving average of $146.17 and a 200 day simple moving average of $138.94.

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

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th were issued a $1.165 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio is presently 66.38%.

Analysts Set New Price Targets

Several research firms have issued reports on DTE. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Citigroup raised their price target on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Wells Fargo & Company decreased their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Barclays raised their price target on shares of DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.58.

Institutional Investors Weigh In On DTE Energy

A number of hedge funds have recently made changes to their positions in DTE. Laurel Wealth Advisors LLC acquired a new position in DTE Energy in the fourth quarter valued at about $25,000. Quest 10 Wealth Builders Inc. increased its holdings in shares of DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after buying an additional 181 shares in the last quarter. Torren Management LLC bought a new position in shares of DTE Energy in the fourth quarter valued at approximately $26,000. Clean Yield Group acquired a new position in shares of DTE Energy in the 3rd quarter worth approximately $28,000. Finally, Cloud Capital Management LLC acquired a new position in shares of DTE Energy in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds 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.