DTE Energy (NYSE:DTE) Price Target Raised to $153.00 at Jefferies Financial Group

DTE Energy (NYSE:DTE) had its price objective boosted by investment analysts at Jefferies Financial Group from $150.00 to $153.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 12.20% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $142.00 target price on shares of DTE Energy in a report on Wednesday, January 21st. Wells Fargo & Company reduced their price target on DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Mizuho boosted their target price on shares of DTE Energy from $140.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank lowered their price target on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.62.

DTE Energy Price Performance

Shares of DTE stock traded down $0.32 during mid-day trading on Wednesday, reaching $136.37. The stock had a trading volume of 499,020 shares, compared to its average volume of 1,495,054. The company has a market cap of $28.32 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.49 and a beta of 0.49. 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 has a 12-month low of $117.56 and a 12-month high of $143.79. The business has a 50-day simple moving average of $132.01 and a 200 day simple moving average of $136.12.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period 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. On average, sell-side analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates acquired a new position in shares of DTE Energy in the 3rd quarter valued at $28,000. Clean Yield Group purchased a new stake in DTE Energy during the third quarter valued at about $28,000. Cloud Capital Management LLC acquired a new position in shares of DTE Energy in the third quarter worth about $28,000. Capital A Wealth Management LLC boosted its holdings in shares of DTE Energy by 5,775.0% in the second quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock worth $31,000 after buying an additional 231 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of DTE Energy in the third quarter worth approximately $31,000. 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.