Brokerages Set DTE Energy Company (NYSE:DTE) Target Price at $156.25

DTE Energy Company (NYSE:DTE) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $156.25.

DTE has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Bank of America reissued a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. BMO Capital Markets cut their target price on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a report on Thursday, March 26th. Wells Fargo & Company reissued an “overweight” rating and issued a $160.00 target price on shares of DTE Energy in a report on Tuesday, April 21st. Finally, Barclays cut their target price on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 4th.

DTE Energy Trading Up 0.4%

DTE Energy stock opened at $145.22 on Friday. The stock has a market cap of $30.21 billion, a P/E ratio of 23.92, a PEG ratio of 3.16 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy has a 1 year low of $126.23 and a 1 year high of $154.63. The firm’s 50 day moving average price is $145.47 and its 200-day moving average price is $139.77.

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

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 22nd will be issued a $1.165 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction 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 completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after purchasing an additional 766,499 shares in the last quarter. Capital Research Global Investors boosted its stake in DTE Energy by 3.1% during the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after buying an additional 379,443 shares during the period. State Street Corp boosted its stake in DTE Energy by 2.5% during the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock worth $1,441,776,000 after buying an additional 272,068 shares during the period. Capital World Investors boosted its stake in DTE Energy by 5.9% during the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after buying an additional 552,346 shares during the period. Finally, Geode Capital Management LLC boosted its stake in DTE Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after buying an additional 117,322 shares during the period. 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.