DTE Energy Company (NYSE:DTE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

DTE Energy Company (NYSE:DTE) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $157.8462.

DTE has been the subject of several research reports. BMO Capital Markets lowered their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday, March 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a report on Monday, June 15th. Truist Financial dropped their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. cut their target price on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th.

DTE Energy Price Performance

Shares of DTE traded up $1.14 during mid-day trading on Friday, hitting $150.41. 1,222,039 shares of the company traded hands, compared to its average volume of 1,242,894. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $31.29 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 3.28 and a beta of 0.38. The business has a 50-day moving average of $146.54 and a 200 day moving average of $142.94. DTE Energy has a one year low of $126.23 and a one year high of $155.74.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts expect that DTE Energy will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

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 issued a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio is currently 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares during the last quarter. Capital Research Global Investors grew its position in shares of DTE Energy by 3.1% in the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after purchasing an additional 379,443 shares during the period. State Street Corp grew its position in shares of DTE Energy by 2.5% in the 4th quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after purchasing an additional 272,068 shares during the period. Geode Capital Management LLC increased its stake in DTE Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after purchasing an additional 117,322 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after buying an additional 602,602 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.