DTE Energy (NYSE:DTE) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded DTE Energy to “Hold” from “Sell.” Despite the change, analysts overall maintain a “Moderate Buy” consensus, with an average price target of $156.46 versus the stock’s $128.42 opening price.
• DTE Energy reported quarterly EPS of $1.32, beating the $1.14 consensus estimate, while revenue reached $6.74 billion. Analysts expect full-year EPS of approximately $7.71.
• Institutional investors own 76.06% of DTE, while Vice Chairman Trevor Lauer sold 5,000 shares for about $678,550. The company may benefit from rising data-center electricity demand, but faces potential regulatory risks and lower recent analyst price targets.

DTE Energy (NYSE:DTE - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

DTE has been the subject of several other reports. Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a report on Thursday, July 9th. BMO Capital Markets cut their target price on shares of DTE Energy from $150.00 to $143.00 and set a "market perform" rating for the company in a research report on Friday, August 28th. Wells Fargo & Company reissued an "overweight" rating and set a $165.00 target price on shares of DTE Energy in a research note on Monday, June 15th. Mizuho lowered their price target on shares of DTE Energy from $164.00 to $152.00 and set an "outperform" rating on the stock in a report on Thursday, August 27th. Finally, Morgan Stanley dropped their price target on shares of DTE Energy from $148.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $156.46.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $128.42 on Friday. DTE Energy has a 12 month low of $126.23 and a 12 month high of $155.74. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13. The stock has a market cap of $26.72 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.84 and a beta of 0.37. The business has a fifty day simple moving average of $139.60 and a 200-day simple moving average of $144.28.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the business earned $1.36 EPS. On average, sell-side analysts anticipate that DTE Energy will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider owned 73,122 shares of the company's stock, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of DTE Energy in the 2nd quarter valued at $3,915,284,000. Capital Research Global Investors increased its position in DTE Energy by 3.1% during the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider's stock worth $1,605,539,000 after buying an additional 379,443 shares during the last quarter. Geode Capital Management LLC raised its holdings in DTE Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider's stock valued at $718,668,000 after buying an additional 117,322 shares in the last quarter. Jupiter Topco LLC bought a new position in DTE Energy during the second quarter valued at about $477,264,000. Finally, Janus Henderson Group PLC lifted its position in shares of DTE Energy by 1.3% in the first quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider's stock worth $451,022,000 after buying an additional 40,346 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Key Stories Impacting DTE Energy

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE’s agreements with major hyperscalers could make it a potential beneficiary of the data-center power buildout. The anticipated increase in electricity demand may support long-term earnings and infrastructure growth. DTE Could Be One of the Quiet Winners of the Data Center Boom
• Positive Sentiment: Although Morgan Stanley lowered its price target to $141 from $148, it maintained an “overweight” rating, implying the stock remains viewed as undervalued relative to its expected performance. Morgan Stanley Adjusts DTE Energy Price Target
• Positive Sentiment: A separate analysis argues that DTE’s dividend and valuation make the stock potentially undervalued, providing support for income-focused investors. DTE Energy Stock May Be Undervalued on Dividend Strength
• Neutral Sentiment: DTE’s CEO highlighted the company’s long-running support for DAPCEP, a Detroit education and workforce-development organization. The announcement strengthens DTE’s community and talent-development profile but has limited immediate earnings impact. Why DTE’s CEO Is Thankful for DAPCEP’s Support
• Negative Sentiment: The Morgan Stanley target reduction reflects more cautious near-term expectations and likely contributed to selling pressure, despite the continued overweight recommendation. DTE Energy Stock Slips as Morgan Stanley Cuts Target
• Negative Sentiment: Calls from John James for greater electricity competition in DTE’s market could create longer-term regulatory and pricing risks if they lead to changes in the company’s operating environment. John James Calls for More Electricity Competition

About DTE Energy

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.

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