DTE Energy Company (NYSE:DTE – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $155.75 and last traded at $155.4450, with a volume of 90399 shares changing hands. The stock had previously closed at $151.36.
Analyst Ratings Changes
A number of brokerages have recently issued reports on DTE. TD Cowen initiated coverage on DTE Energy in a research note on Tuesday. They set a “hold” rating and a $166.00 target price for the company. Bank of America reissued a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. dropped their price objective on DTE Energy from $160.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Finally, BMO Capital Markets cut their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $157.85.
DTE Energy Stock Down 1.6%
DTE Energy (NYSE:DTE – Get Free Report) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter last year, the business posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.
DTE Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is 76.77%.
Insider Activity
In related news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the sale, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On DTE Energy
A number of institutional investors have recently made changes to their positions in DTE. Laurel Wealth Advisors LLC acquired a new stake in shares of DTE Energy during the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. raised its stake in DTE Energy by 754.2% in the 4th 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. Torren Management LLC purchased a new position in DTE Energy in the 4th quarter valued at about $26,000. Elyxium Wealth LLC purchased a new position in DTE Energy in the 4th quarter valued at about $29,000. Finally, Key Financial Inc acquired a new stake in shares of DTE Energy during the 1st quarter worth about $29,000. 76.06% of the stock is owned by institutional investors and hedge funds.
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.
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