DTE Energy (NYSE:DTE) Upgraded by Wall Street Zen to “Hold” Rating
by Kim Johansen · The Markets DailyWall Street Zen upgraded shares of DTE Energy (NYSE:DTE – Free Report) from a sell rating to a hold rating in a report released on Saturday morning.
Other analysts have also issued reports about the stock. Morgan Stanley set a $138.00 target price on shares of DTE Energy in a research note on Tuesday, December 16th. Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group upgraded DTE Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $149.00 to $150.00 in a research report on Thursday, December 11th. Scotiabank decreased their target price on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, Bank of America boosted their price target on shares of DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.33.
Check Out Our Latest Analysis on DTE
DTE Energy Stock Up 0.2%
Shares of DTE Energy stock opened at $129.90 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. DTE Energy has a 1-year low of $116.30 and a 1-year high of $143.79. The business’s fifty day moving average price is $132.49 and its two-hundred day moving average price is $135.83. The company has a market capitalization of $26.98 billion, a P/E ratio of 19.50, a PEG ratio of 2.38 and a beta of 0.49.
DTE Energy (NYSE:DTE – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the prior year, the business posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts forecast that DTE Energy will post 7.18 EPS for the current year.
DTE Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be given a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, December 15th. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. DTE Energy’s payout ratio is presently 69.97%.
Institutional Investors Weigh In On DTE Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DTE. Vanguard Group Inc. increased its stake in shares of DTE Energy by 4.2% in the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after acquiring an additional 1,042,589 shares during the last quarter. State Street Corp increased its position in DTE Energy by 2.3% in the 3rd quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock worth $1,540,000,000 after purchasing an additional 247,747 shares during the last quarter. Capital World Investors raised its stake in shares of DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after purchasing an additional 552,346 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after buying an additional 602,602 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of DTE Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock valued at $692,535,000 after buying an additional 154,594 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.
Key Stories Impacting DTE Energy
Here are the key news stories impacting DTE Energy this week:
- Positive Sentiment: DTE announced a $15 million donation to three Michigan nonprofits to help families with winter heating bills, a community/ESG move that can bolster local goodwill and regulatory relationships. DTE Energy donates $15 million to help Michigan families stay safe and warm this winter
- Neutral Sentiment: DTE will begin charging a payment‑processing fee for card users starting in March, which is a modest revenue enhancement but could draw customer pushback; impact on earnings is likely small and gradual. DTE Energy to charge payment processing fees for card users
- Negative Sentiment: Michigan Attorney General Dana Nessel has asked the Michigan Public Service Commission for a rehearing of its conditional approval of DTE’s electricity contracts tied to a large Washtenaw County AI/data‑center project (Oracle/OpenAI ties reported). AG and advocates cite lack of public scrutiny and potential risks to ratepayers — this raises regulatory and legal uncertainty that could affect contract terms, cost recovery or timing. Nessel challenges MPSC approval of DTE’s data center electricity deal Nessel challenges fast-tracked DTE data center deal
- Negative Sentiment: Market commentary noted DTE underperformed peers on the day despite gains, signaling investor caution that the regulatory inquiry and other headwinds could curb upside relative to utilities peers. DTE Energy Co. stock underperforms Thursday when compared to competitors despite daily gains
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.
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