DTE Energy Company (NYSE:DTE) Short Interest Update

DTE Energy Company (NYSE:DTE) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,280,880 shares, a growth of 20.0% from the December 15th total of 3,568,250 shares. Based on an average trading volume of 1,601,920 shares, the short-interest ratio is currently 2.7 days. Approximately 2.1% of the shares of the stock are short sold. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 1,601,920 shares, the short-interest ratio is currently 2.7 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Jefferies Financial Group raised DTE Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $149.00 to $150.00 in a research note on Thursday, December 11th. Wells Fargo & Company decreased their target price on DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank dropped their price target on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Finally, UBS Group cut their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.33.

DTE Energy Stock Performance

NYSE DTE opened at $135.61 on Wednesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $132.23 and its 200-day simple moving average is $135.99. The company has a market cap of $28.16 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.49. DTE Energy has a 1-year low of $116.30 and a 1-year high of $143.79.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.10 by $0.15. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same period in the prior year, the company 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. As a group, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.165 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th. DTE Energy’s payout ratio is 69.97%.

Institutional Trading of DTE Energy

A number of hedge funds have recently bought and sold shares of DTE. Salomon & Ludwin LLC grew its holdings in shares of DTE Energy by 29.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 70 shares in the last quarter. Keybank National Association OH raised its holdings in shares of DTE Energy by 1.6% during the second quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 72 shares in the last quarter. Atria Investments Inc boosted its position in DTE Energy by 0.6% during the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after purchasing an additional 72 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in DTE Energy by 2.0% in the third quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after purchasing an additional 73 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in DTE Energy by 1.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.