DTE Energy Company (NYSE:DTE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of DTE Energy Company (NYSE:DTE) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $149.1667.

DTE has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Bank of America upped their price objective on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. BMO Capital Markets increased their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Jefferies Financial Group reiterated a “hold” rating and issued a $149.00 price target on shares of DTE Energy in a report on Monday, November 3rd. Finally, UBS Group upped their price target on DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, October 10th.

DTE Energy Stock Performance

DTE Energy stock opened at $137.03 on Friday. DTE Energy has a 52 week low of $116.30 and a 52 week high of $143.79. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock has a market cap of $28.46 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The stock has a 50 day moving average of $138.81 and a 200-day moving average of $136.87.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the company posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. On average, analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

Institutional Investors Weigh In On DTE Energy

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in DTE Energy by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after acquiring an additional 1,042,589 shares during the period. Millennium Management LLC grew its stake in shares of DTE Energy by 810.6% in the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock worth $117,895,000 after purchasing an additional 742,056 shares in the last quarter. Raymond James Financial Inc. increased its holdings 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 valued at $134,474,000 after purchasing an additional 648,007 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of DTE Energy by 65.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after purchasing an additional 637,378 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in DTE Energy by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after purchasing an additional 602,602 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.