DTE Energy (NYSE:DTE) Price Target Raised to $154.00

DTE Energy (NYSE:DTE) had its price target hoisted by Bank of America from $153.00 to $154.00 in a research report released on Wednesday,Benzinga reports. Bank of America currently has a buy rating on the utilities provider’s stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company raised shares of DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $149.00 target price on shares of DTE Energy in a research report on Monday. BMO Capital Markets lifted their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Finally, Barclays upped their price target on DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.25.

DTE Energy Price Performance

Shares of DTE opened at $136.67 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The stock has a market cap of $28.38 billion, a PE ratio of 19.66, a PEG ratio of 2.97 and a beta of 0.45. DTE Energy has a 12-month low of $116.30 and a 12-month high of $143.79. The business has a 50-day simple moving average of $138.37 and a two-hundred day simple moving average of $136.77.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the firm posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. Analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in DTE Energy by 4.2% during the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after acquiring an additional 1,042,589 shares in the last quarter. State Street Corp raised its holdings in shares of DTE Energy by 2.2% during the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock valued at $1,409,833,000 after purchasing an additional 222,353 shares during the period. Geode Capital Management LLC raised its holdings in shares of DTE Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock valued at $692,535,000 after purchasing an additional 154,594 shares during the period. Invesco Ltd. boosted its position in shares of DTE Energy by 1.3% during the 2nd quarter. Invesco Ltd. now owns 2,387,012 shares of the utilities provider’s stock worth $316,184,000 after purchasing an additional 31,635 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of DTE Energy by 0.5% in the 1st quarter. Northern Trust Corp now owns 1,836,832 shares of the utilities provider’s stock valued at $253,979,000 after buying an additional 9,664 shares during the period. 76.06% of the stock is currently owned by institutional investors.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.