DTE Energy (NYSE:DTE) Rating Increased to Strong-Buy at Truist Financial

DTE Energy (NYSE:DTE) was upgraded by Truist Financial to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Mizuho increased their price target on DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Wells Fargo & Company restated an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a research note on Tuesday. Morgan Stanley dropped their price objective on DTE Energy from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday. Argus upgraded DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $155.23.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $143.71 on Monday. The stock has a 50 day moving average price of $146.51 and a 200 day moving average price of $139.01. DTE Energy has a 52 week low of $126.23 and a 52 week high of $154.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. The stock has a market capitalization of $29.89 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 2.68 and a beta of 0.43.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the firm posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Analysts predict that DTE Energy will post 7.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DTE Energy

A number of large investors have recently made changes to their positions in DTE. Millennium Management LLC increased its stake in shares of DTE Energy by 227.4% during the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock worth $352,016,000 after purchasing an additional 1,895,631 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of DTE Energy during the fourth quarter worth approximately $139,423,000. Cohen & Steers Inc. bought a new position in shares of DTE Energy during the fourth quarter worth approximately $125,604,000. Vanguard Group Inc. increased its stake 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 during the period. Finally, Raymond James Financial Inc. increased its stake 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 during the period. Institutional investors own 76.06% of the company’s stock.

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.