DTE Energy (NYSE:DTE) Stock Rating Upgraded by Wall Street Zen

DTE Energy (NYSE:DTEGet Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

DTE has been the topic of several other research reports. Morgan Stanley set a $138.00 price objective on shares of DTE Energy in a research note on Tuesday, December 16th. 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. Scotiabank cut their price objective 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. Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $149.00 to $150.00 in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.33.

Check Out Our Latest Research Report on DTE Energy

DTE Energy Price Performance

Shares of DTE opened at $129.90 on Friday. DTE Energy has a one year low of $116.30 and a one year high of $143.79. The stock’s fifty day moving average is $132.49 and its 200-day moving average is $135.81. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49.

DTE Energy (NYSE:DTEGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the company posted $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. Equities analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

Institutional Trading of DTE Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy in the second quarter worth $25,000. Clean Yield Group acquired a new stake in shares of DTE Energy in the third quarter valued at $28,000. Global Wealth Strategies & Associates bought a new position in shares of DTE Energy in the third quarter valued at about $28,000. Cloud Capital Management LLC acquired a new position in DTE Energy during the 3rd quarter worth about $28,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in DTE Energy during the 3rd quarter worth about $31,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy News Summary

Here are the key news stories impacting DTE Energy this week:

About DTE Energy

(Get Free Report)

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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Analyst Recommendations for DTE Energy (NYSE:DTE)

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