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

DTE Energy (NYSE:DTE) had its price objective lowered by analysts at BMO Capital Markets from $152.00 to $148.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential downside of 0.20% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group set a $172.00 price target on DTE Energy in a research note on Thursday, July 9th. Morgan Stanley restated an “overweight” rating on shares of DTE Energy in a research note on Wednesday. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. JPMorgan Chase & Co. upped their target price on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, TD Cowen started coverage on DTE Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.38.

DTE Energy Stock Up 2.3%

DTE Energy stock traded up $3.27 during midday trading on Wednesday, hitting $148.29. 468,481 shares of the stock were exchanged, compared to its average volume of 1,431,948. DTE Energy has a 1 year low of $126.23 and a 1 year high of $155.74. The firm has a market cap of $30.85 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.19 and a beta of 0.38. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The company has a 50 day moving average price of $147.12 and a two-hundred day moving average price of $143.96.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the previous year, the company earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, sell-side analysts predict that DTE Energy will post 7.71 earnings per share for the current fiscal year.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Trading of DTE Energy

Several large investors have recently added to or reduced their stakes in the business. Northside Capital Management LLC increased its position in DTE Energy by 0.5% in the 2nd quarter. Northside Capital Management LLC now owns 26,047 shares of the utilities provider’s stock valued at $3,969,000 after acquiring an additional 121 shares during the period. Tema ETFs LLC boosted its position in DTE Energy by 8.6% during the 2nd quarter. Tema ETFs LLC now owns 3,679 shares of the utilities provider’s stock worth $561,000 after acquiring an additional 290 shares during the period. William Mack & Associates Inc. grew its stake in shares of DTE Energy by 34.8% in the second quarter. William Mack & Associates Inc. now owns 4,615 shares of the utilities provider’s stock worth $703,000 after purchasing an additional 1,192 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of DTE Energy by 4.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 5,538 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 253 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in shares of DTE Energy by 8.7% during the second quarter. Revolve Wealth Partners LLC now owns 1,519 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 121 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.