DTE Energy (NYSE:DTE) Downgraded to Sell Rating by Wall Street Zen

DTE Energy (NYSE:DTE) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research firms have also recently commented on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. Citigroup increased their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Wells Fargo & Company decreased their price target on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $157.00 price target on shares of DTE Energy in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.31.

DTE Energy Stock Performance

NYSE DTE opened at $150.28 on Friday. The firm has a market capitalization of $31.23 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.47. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. The firm’s fifty day moving average price is $137.79 and its two-hundred day moving average price is $136.91. DTE Energy has a 1 year low of $123.69 and a 1 year high of $154.63.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DTE. Laurel Wealth Advisors LLC acquired a new stake in shares of DTE Energy in the fourth quarter valued at approximately $25,000. Clean Yield Group bought a new position in DTE Energy during the 3rd quarter worth $28,000. Global Wealth Strategies & Associates bought a new position in DTE Energy during the 3rd quarter worth $28,000. Cloud Capital Management LLC acquired a new position in DTE Energy in the 3rd quarter valued at $28,000. Finally, Torren Management LLC bought a new stake in shares of DTE Energy during the 4th quarter valued at $26,000. 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.