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

DTE Energy (NYSE:DTE) had its target price dropped by research analysts at BMO Capital Markets from $151.00 to $148.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 15.20% from the company’s current price.

A number of other research analysts have also recently issued reports on DTE. Barclays lifted their price target on shares of DTE Energy from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group upgraded DTE Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $149.00 to $150.00 in a research note on Thursday, December 11th. Morgan Stanley set a $138.00 price objective on DTE Energy in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. One 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 company. Based on data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $148.33.

DTE Energy Stock Up 0.1%

Shares of NYSE:DTE opened at $128.48 on Wednesday. The firm has a market capitalization of $26.68 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. The stock has a 50 day moving average price of $135.49 and a 200-day moving average price of $136.23. DTE Energy has a 52-week low of $116.30 and a 52-week high of $143.79.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.15. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.During the same period in the prior year, the firm earned $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, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

Institutional Trading of DTE Energy

A number of hedge funds have recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of DTE Energy during the 2nd quarter valued at about $25,000. Clean Yield Group bought a new stake in DTE Energy during the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates purchased a new stake in DTE Energy during the third quarter valued at approximately $28,000. Cloud Capital Management LLC purchased a new stake in DTE Energy during the third quarter valued at approximately $28,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in DTE Energy in the third quarter worth approximately $31,000. Hedge funds and other institutional investors 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.