DTE Energy (NYSE:DTE) Stock Rating Upgraded by Jefferies Financial Group

DTE Energy (NYSE:DTE) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a $150.00 target price on the utilities provider’s stock. Jefferies Financial Group’s target price suggests a potential upside of 15.28% from the stock’s previous close.

DTE has been the subject of a number of other research reports. UBS Group raised their price target on shares of DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Scotiabank cut their price objective on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Morgan Stanley set a $144.00 target price on DTE Energy in a research report on Thursday, November 20th. Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.25.

DTE Energy Stock Down 0.1%

NYSE:DTE opened at $130.12 on Thursday. The company has a market cap of $27.02 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. The stock has a fifty day simple moving average of $137.60 and a 200-day simple moving average of $136.62. DTE Energy has a twelve month low of $116.30 and a twelve month high of $143.79. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same period in the prior year, the firm earned $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. Analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

Hedge Funds Weigh In On DTE Energy

A number of institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC raised its holdings in DTE Energy by 29.8% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock valued at $43,000 after buying an additional 70 shares in the last quarter. Keybank National Association OH lifted its position in DTE Energy by 1.6% during the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 72 shares during the last quarter. Atria Investments Inc boosted its holdings in DTE Energy by 0.6% during the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after acquiring an additional 72 shares during the period. SJS Investment Consulting Inc. grew its position in shares of DTE Energy by 2.0% in the third quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after purchasing an additional 73 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of DTE Energy by 1.4% in the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 75 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.