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

DTE Energy (NYSE:DTE) had its price objective reduced by BMO Capital Markets from $157.00 to $148.00 in a report published on Thursday morning,Benzinga reports. They currently have a market perform rating on the utilities provider’s stock.

Several other equities analysts also recently commented on DTE. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price objective on shares of DTE Energy in a research note on Friday, February 20th. Wells Fargo & Company lowered their price target on DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Barclays increased their price objective on DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 17th. Mizuho boosted their target price on DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Argus raised DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.17.

DTE Energy Stock Performance

NYSE:DTE opened at $144.39 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. DTE Energy has a fifty-two week low of $123.69 and a fifty-two week high of $154.63. The firm has a market cap of $30.04 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The business has a 50 day moving average price of $142.25 and a 200-day moving average price of $137.74.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. During the same period in the prior year, the business posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be given a $1.165 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio is currently 66.38%.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in shares of DTE Energy in the 4th quarter worth about $25,000. Clean Yield Group purchased a new position in shares of DTE Energy during the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates bought a new stake in shares of DTE Energy in the 3rd quarter worth approximately $28,000. Cloud Capital Management LLC purchased a new stake in shares of DTE Energy in the 3rd quarter worth approximately $28,000. Finally, Torren Management LLC bought a new position in DTE Energy during the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors 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.