BMO Capital Markets Cuts DTE Energy (NYSE:DTE) Price Target to $148.00

DTE Energy (NYSE:DTE) had its target price decreased by BMO Capital Markets from $151.00 to $148.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. BMO Capital Markets currently has a market perform rating on the utilities provider’s stock.

DTE has been the topic of a number of other research reports. Scotiabank lowered their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $150.00 in a research report on Thursday, December 11th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Bank of America lifted their target price on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.33.

DTE Energy Stock Performance

NYSE:DTE opened at $129.15 on Wednesday. DTE Energy has a twelve month low of $116.30 and a twelve month high of $143.79. The company has a 50-day moving average of $134.71 and a 200-day moving average of $136.10. The firm has a market cap of $26.82 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.52 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.15. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates 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 prior year, the business earned $2.22 EPS. 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. Analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio is currently 69.97%.

Institutional Investors Weigh In On DTE Energy

Several large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its position in shares of DTE Energy by 29.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 70 shares during the period. Keybank National Association OH lifted its position in shares of DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 72 shares during the period. Atria Investments Inc lifted its stake in DTE Energy by 0.6% during the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after purchasing an additional 72 shares during the period. SJS Investment Consulting Inc. lifted its holdings in DTE Energy by 2.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after purchasing an additional 73 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in DTE Energy by 1.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.