DTE Energy (NYSE:DTE) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of DTE Energy (NYSE:DTE) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. TD Cowen began coverage on DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price for the company. Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. BMO Capital Markets decreased their price objective on DTE Energy from $150.00 to $143.00 and set a “market perform” rating for the company in a report on Friday, August 28th. Mizuho lowered their price objective on shares of DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

DTE Energy Trading Down 1.6%

Shares of DTE opened at $128.42 on Friday. DTE Energy has a 1-year low of $126.23 and a 1-year high of $155.74. The company has a 50-day moving average of $139.60 and a 200 day moving average of $144.28. The firm has a market capitalization of $26.72 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.79 and a beta of 0.37. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the firm earned $1.36 EPS. On average, research analysts expect that DTE Energy will post 7.71 EPS for the current year.

Insider Activity at DTE Energy

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the sale, the insider directly owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On DTE Energy

Large investors have recently added to or reduced their stakes in the company. Key Financial Inc bought a new stake in shares of DTE Energy in the 1st quarter valued at about $29,000. First Bancorp Inc ME bought a new position in shares of DTE Energy during the 2nd quarter worth approximately $29,000. Community Bank N.A. purchased a new stake in DTE Energy during the second quarter valued at approximately $31,000. SHP Wealth Management purchased a new stake in DTE Energy during the fourth quarter valued at approximately $35,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in DTE Energy in the second quarter valued at approximately $35,000. 76.06% of the stock is currently owned by institutional investors.

Key Stories Impacting DTE Energy

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE’s agreements with major hyperscalers could make it a potential beneficiary of the data-center power buildout. The anticipated increase in electricity demand may support long-term earnings and infrastructure growth. DTE Could Be One of the Quiet Winners of the Data Center Boom
• Positive Sentiment: Although Morgan Stanley lowered its price target to $141 from $148, it maintained an “overweight” rating, implying the stock remains viewed as undervalued relative to its expected performance. Morgan Stanley Adjusts DTE Energy Price Target
• Positive Sentiment: A separate analysis argues that DTE’s dividend and valuation make the stock potentially undervalued, providing support for income-focused investors. DTE Energy Stock May Be Undervalued on Dividend Strength
• Neutral Sentiment: DTE’s CEO highlighted the company’s long-running support for DAPCEP, a Detroit education and workforce-development organization. The announcement strengthens DTE’s community and talent-development profile but has limited immediate earnings impact. Why DTE’s CEO Is Thankful for DAPCEP’s Support
• Negative Sentiment: The Morgan Stanley target reduction reflects more cautious near-term expectations and likely contributed to selling pressure, despite the continued overweight recommendation. DTE Energy Stock Slips as Morgan Stanley Cuts Target
• Negative Sentiment: Calls from John James for greater electricity competition in DTE’s market could create longer-term regulatory and pricing risks if they lead to changes in the company’s operating environment. John James Calls for More Electricity Competition

DTE Energy Company Profile

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.