DTE Energy (NYSE:DTE) Price Target Raised to $162.00

DTE Energy (NYSE:DTE) had its price target boosted by JPMorgan Chase & Co. from $155.00 to $162.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Several other equities analysts have also recently commented on DTE. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Jefferies Financial Group set a $172.00 price objective on DTE Energy in a research note on Thursday, July 9th. Mizuho set a $165.00 target price on DTE Energy in a report on Friday, May 1st. Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $150.00 price target on shares of DTE Energy in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.69.

DTE Energy Stock Down 0.5%

Shares of NYSE:DTE opened at $148.12 on Thursday. The firm has a market capitalization of $30.81 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.24 and a beta of 0.38. DTE Energy has a 1 year low of $126.23 and a 1 year high of $155.74. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The firm’s 50-day moving average is $147.00 and its two-hundred day moving average is $143.64.

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

DTE Energy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio is 76.77%.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the 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 in the company, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its position in DTE Energy by 227.4% in the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after acquiring an additional 1,895,631 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of DTE Energy during the fourth quarter worth about $139,423,000. Cohen & Steers Inc. purchased a new position in shares of DTE Energy during the fourth quarter worth about $125,604,000. Vanguard Group Inc. increased its position in shares of DTE Energy by 3.0% during the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after purchasing an additional 648,007 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other 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.