BMO Capital Markets Cuts DTE Energy (NYSE:DTE) Price Target to $148.00

DTE Energy (NYSE:DTE) had its price objective decreased by BMO Capital Markets from $152.00 to $148.00 in a research note published on Wednesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the utilities provider’s stock.

Several other equities analysts have also issued reports on the company. Bank of America restated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Jefferies Financial Group set a $172.00 target price on DTE Energy in a research note on Thursday, July 9th. Mizuho set a $165.00 target price on DTE Energy in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $158.38.

DTE Energy Price Performance

NYSE:DTE opened at $149.52 on Wednesday. The stock has a market cap of $31.11 billion, a P/E ratio of 24.63, a PEG ratio of 3.23 and a beta of 0.38. DTE Energy has a one year low of $126.23 and a one year high of $155.74. The company has a fifty day moving average price of $147.53 and a 200 day moving average price of $144.26. 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 (NYSE:DTE) last posted its quarterly earnings results 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). 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 analyst estimates of $4.37 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Analysts anticipate that DTE Energy will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy’s dividend payout ratio is presently 76.77%.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the sale, the vice president owned 6,233 shares of the company’s stock, valued at $895,806.76. The trade was a 13.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DTE. Laurel Wealth Advisors LLC acquired a new stake in shares of DTE Energy in the 4th quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased its position in shares of DTE Energy by 754.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 181 shares in the last quarter. Torren Management LLC acquired a new stake in shares of DTE Energy during the 4th quarter worth about $26,000. Elyxium Wealth LLC bought a new position in DTE Energy during the 4th quarter valued at about $29,000. Finally, Key Financial Inc bought a new position in DTE Energy during the 1st quarter valued at about $29,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.