DTE Energy (NYSE:DTE) Price Target Cut to $148.00 by Analysts at BMO Capital Markets

DTE Energy (NYSE:DTE) had its price target cut by BMO Capital Markets from $151.00 to $148.00 in a report released on Wednesday, Marketbeat reports. They currently have a market perform rating on the utilities provider’s stock.

A number of other research firms have also recently weighed in on DTE. Jefferies Financial Group raised shares of DTE Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $149.00 to $150.00 in a research report on Thursday, December 11th. Scotiabank reduced their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Morgan Stanley set a $138.00 price objective on DTE Energy in a report on Tuesday, December 16th. JPMorgan Chase & Co. cut their target price on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Finally, Bank of America raised their price target on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.33.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $128.79 on Wednesday. The business’s 50-day simple moving average is $135.22 and its 200 day simple moving average is $136.18. The company has a market cap of $26.75 billion, a P/E ratio of 19.34, a PEG ratio of 2.52 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. DTE Energy has a one year low of $116.30 and a one year high of $143.79.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same quarter in the prior year, the business earned $2.22 EPS. 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. On average, sell-side analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.6%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date is Monday, December 15th. DTE Energy’s dividend payout ratio (DPR) is currently 69.97%.

Hedge Funds Weigh In On DTE Energy

Several institutional investors have recently made changes to their positions in DTE. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy during the 2nd quarter valued at approximately $25,000. Global Wealth Strategies & Associates bought a new stake in DTE Energy in the third quarter valued at $28,000. Clean Yield Group acquired a new position in shares of DTE Energy during the third quarter valued at $28,000. Cloud Capital Management LLC acquired a new position in shares of DTE Energy during the third quarter valued at $28,000. Finally, Capital A Wealth Management LLC grew its position in shares of DTE Energy by 5,775.0% during the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 231 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

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.