DTE Energy (NYSE:DTE) Price Target Raised to $144.00 at Mizuho

DTE Energy (NYSE:DTE) had its target price upped by Mizuho from $140.00 to $144.00 in a research report report published on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the utilities provider’s stock.

Other research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Bank of America lifted their target price 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. JPMorgan Chase & Co. dropped their price target 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. Scotiabank cut their price target on 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, Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.38.

DTE Energy Stock Performance

Shares of DTE stock opened at $135.57 on Monday. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.46 and a beta of 0.49. The stock has a fifty day moving average of $132.01 and a 200 day moving average of $136.10. DTE Energy has a 52 week low of $117.56 and a 52 week high of $143.79. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data 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 net margin of 9.34% and a return on equity of 12.63%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the firm 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, research analysts expect that DTE Energy will post 7.18 earnings per share for the current 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 was Monday, December 15th. DTE Energy’s dividend payout ratio (DPR) is presently 69.97%.

Institutional Investors Weigh In On DTE Energy

Several institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC raised its position in DTE Energy by 29.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after buying an additional 70 shares during 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 valued at $599,000 after purchasing an additional 72 shares during the last quarter. Atria Investments Inc lifted 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 period. SJS Investment Consulting Inc. lifted its position in DTE Energy by 2.0% during 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 during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in DTE Energy by 1.4% in the third 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. 76.06% of the stock is owned by hedge funds and other 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.