DTE Energy Company (NYSE:DTE) Short Interest Update

DTE Energy Company (NYSE:DTE) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,280,880 shares, an increase of 20.0% from the December 15th total of 3,568,250 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average trading volume of 1,601,920 shares, the short-interest ratio is currently 2.7 days. Based on an average trading volume of 1,601,920 shares, the short-interest ratio is currently 2.7 days. Currently, 2.1% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DTE shares. Barclays lowered their target price on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Bank of America raised their price target on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, October 8th. UBS Group lowered their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Finally, BMO Capital Markets cut their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average price target of $147.33.

DTE Energy Stock Performance

DTE traded up $0.10 during trading on Tuesday, reaching $135.61. 2,024,032 shares of the company’s stock were exchanged, compared to its average volume of 1,470,244. The company has a market capitalization of $28.16 billion, a P/E ratio of 20.36, a PEG ratio of 2.49 and a beta of 0.49. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. The business has a 50 day moving average price of $132.31 and a 200 day moving average price of $135.95. DTE Energy has a fifty-two week low of $116.30 and a fifty-two week high of $143.79.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same quarter in the previous year, the firm posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a dividend of $1.165 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, December 15th. This represents a $4.66 annualized dividend and a dividend yield of 3.4%. DTE Energy’s dividend payout ratio is 69.97%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DTE. Vanguard Group Inc. grew its position in DTE Energy by 4.2% during the 2nd 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 during the last quarter. Millennium Management LLC raised its holdings in shares of DTE Energy by 810.6% in the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after buying an additional 742,056 shares during the last quarter. Raymond James Financial Inc. lifted its position in DTE Energy by 176.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after buying an additional 648,007 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of DTE Energy by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after acquiring an additional 602,602 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of DTE Energy by 5.9% in the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after purchasing an additional 552,346 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

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.