DTE Energy Company (NYSE:DTE) Receives $156.67 Consensus Target Price from Brokerages

DTE Energy Company (NYSE:DTE) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $156.6667.

Several equities research analysts recently commented on DTE shares. Mizuho set a $165.00 target price on DTE Energy in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research note on Monday, June 15th. Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Argus raised DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th.

Insider Transactions at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantitative Investment Management LLC purchased a new stake in DTE Energy in the third quarter worth $1,348,000. First Trust Advisors LP increased its position in DTE Energy by 11.0% in the third quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after buying an additional 79,956 shares during the last quarter. TD Asset Management Inc increased its position in DTE Energy by 2.9% in the third quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider’s stock worth $34,042,000 after buying an additional 6,779 shares during the last quarter. Victory Capital Management Inc. increased its position in DTE Energy by 1.3% in the third quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock worth $51,236,000 after buying an additional 4,590 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in DTE Energy by 58.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock worth $8,525,000 after buying an additional 24,071 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 1.8%

NYSE DTE opened at $149.44 on Wednesday. The business has a 50 day simple moving average of $145.06 and a 200 day simple moving average of $140.98. DTE Energy has a one year low of $126.23 and a one year high of $154.63. The stock has a market capitalization of $31.09 billion, a P/E ratio of 24.62, a P/E/G ratio of 3.21 and a beta of 0.39. 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 released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 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 business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the business earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Research analysts expect that DTE Energy will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

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

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.