DTE Energy (NYSE:DTE) Stock Rating Lowered by Wall Street Zen

DTE Energy (NYSE:DTE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities analysts have also issued reports on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. Mizuho raised their price target on DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. cut their price target on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $157.00 price objective on shares of DTE Energy in a research note on Thursday, February 19th. Finally, Wells Fargo & Company decreased their price objective on DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.31.

DTE Energy Stock Up 1.1%

DTE stock opened at $150.28 on Friday. The stock has a market cap of $31.23 billion, a P/E ratio of 21.41, a PEG ratio of 2.76 and a beta of 0.47. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. DTE Energy has a twelve month low of $123.69 and a twelve month high of $154.63. The company’s 50 day moving average is $137.79 and its two-hundred day moving average is $136.86.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Research analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DTE. Laurel Wealth Advisors LLC purchased a new stake in shares of DTE Energy during the fourth quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. grew its position 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 buying an additional 181 shares during the last quarter. Torren Management LLC acquired a new position in DTE Energy in the 4th quarter valued at $26,000. Global Wealth Strategies & Associates acquired a new position in DTE Energy in the 3rd quarter valued at $28,000. Finally, Clean Yield Group purchased a new position in DTE Energy during the 3rd quarter worth $28,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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.