DTE Energy (NYSE:DTE) Given New $162.00 Price Target at JPMorgan Chase & Co.

DTE Energy (NYSE:DTE) had its target price boosted by JPMorgan Chase & Co. from $155.00 to $162.00 in a research report released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.

DTE has been the subject of a number of other reports. Bank of America reissued a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Truist Financial decreased their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a research report on Monday, June 15th. Finally, Weiss Ratings downgraded DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.69.

DTE Energy Stock Up 1.2%

Shares of DTE Energy stock opened at $148.73 on Thursday. DTE Energy has a one year low of $126.23 and a one year high of $155.74. The company has a market cap of $30.94 billion, a P/E ratio of 24.50, a PEG ratio of 3.21 and a beta of 0.38. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a fifty day moving average of $146.85 and a two-hundred day moving average of $143.61.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period in the prior year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts forecast that DTE Energy will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.1%. DTE Energy’s payout ratio is currently 76.77%.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DTE. Laurel Wealth Advisors LLC purchased a new stake in shares of DTE Energy in the 4th quarter worth about $25,000. Key Financial Inc purchased a new stake in shares of DTE Energy in the first quarter valued at about $29,000. Torren Management LLC purchased a new stake in shares of DTE Energy in the fourth quarter valued at about $26,000. Quest 10 Wealth Builders Inc. grew its position in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 181 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of DTE Energy in the fourth quarter valued at approximately $29,000. 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.