DTE Energy Company (NYSE:DTE) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• DTE Energy has a “Moderate Buy” consensus rating from 15 analysts, with nine buys, five holds and one strong buy. The average 12-month price target is $157, above the stock’s recent $135.75 price.
• DTE reported quarterly earnings of $1.32 per share, beating the $1.14 analyst estimate, while revenue reached $6.74 billion. Analysts expect full-year earnings of approximately $7.71 per share.
• The company declared a quarterly dividend of $1.165, equivalent to $4.66 annually and a 3.4% yield; institutional investors own 76.06% of outstanding shares.

DTE Energy Company (NYSE:DTE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $157.00.

A number of research analysts have recently issued reports on DTE shares. Weiss Ratings upgraded shares of DTE Energy from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Mizuho dropped their price target on shares of DTE Energy from $164.00 to $152.00 and set an "outperform" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on DTE Energy from $155.00 to $162.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Jefferies Financial Group set a $172.00 price objective on DTE Energy in a report on Thursday, July 9th. Finally, Barclays lowered their price objective on DTE Energy from $156.00 to $154.00 and set an "equal weight" rating for the company in a research note on Monday, May 4th.

Hedge Funds Weigh In On DTE Energy

Several large investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in DTE Energy by 2.7% during the 2nd quarter. HighTower Advisors LLC now owns 75,819 shares of the utilities provider's stock worth $11,553,000 after acquiring an additional 1,959 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of DTE Energy by 15,158.5% in the second quarter. California State Teachers Retirement System now owns 36,841,390 shares of the utilities provider's stock valued at $5,613,523,000 after purchasing an additional 36,599,942 shares during the last quarter. Greenland Capital Management LP purchased a new stake in shares of DTE Energy in the second quarter valued at about $1,210,000. Wedmont Private Capital bought a new position in shares of DTE Energy during the second quarter valued at about $214,000. Finally, HB Wealth Management LLC lifted its position in shares of DTE Energy by 116.1% during the second quarter. HB Wealth Management LLC now owns 11,888 shares of the utilities provider's stock valued at $1,811,000 after purchasing an additional 6,387 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Down 0.1%

Shares of DTE Energy stock opened at $135.75 on Monday. DTE Energy has a 52 week low of $126.23 and a 52 week high of $155.74. The stock has a 50 day moving average price of $144.97 and a two-hundred day moving average price of $145.37. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. The stock has a market capitalization of $28.25 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.38.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the business posted $1.36 EPS. As a group, equities analysts anticipate that DTE Energy will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy's dividend payout ratio is presently 73.73%.

About DTE Energy

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.

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