BMO Capital Markets Issues Positive Forecast for DTE Energy (NYSE:DTE) Stock Price

DTE Energy (NYSE:DTE) had its price target upped by BMO Capital Markets from $132.00 to $134.00 in a research note issued to investors on Monday morning, Marketbeat reports. BMO Capital Markets currently has a market perform rating on the utilities provider’s stock.

Other analysts have also recently issued research reports about the stock. TD Cowen began coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price for the company. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a research report on Monday, June 15th. Mizuho decreased their price objective on DTE Energy from $152.00 to $136.00 and set an “outperform” rating for the company in a research note on Monday, September 28th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $154.54.

DTE Energy Price Performance

Shares of DTE stock opened at $125.08 on Monday. The stock has a 50-day moving average price of $134.14 and a 200 day moving average price of $142.27. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.45 and a beta of 0.36. DTE Energy has a 12 month low of $119.68 and a 12 month high of $155.74.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same period in the prior year, the company posted $1.36 EPS. Research analysts expect that DTE Energy will post 7.71 EPS for the current year.

Insider Activity

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the completion of the sale, the insider owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of DTE Energy in the second quarter worth about $3,915,284,000. Jupiter Topco LLC bought a new position in shares of DTE Energy during the 2nd quarter valued at about $477,264,000. Janus Henderson Group PLC lifted its holdings in shares of DTE Energy by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock valued at $451,022,000 after purchasing an additional 40,346 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of DTE Energy in the 2nd quarter valued at approximately $417,001,000. Finally, Millennium Management LLC grew its position in shares of DTE Energy by 227.4% in the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after purchasing an additional 1,895,631 shares during the period. 76.06% of the stock is currently owned by institutional investors.

More DTE Energy News

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: BMO raises price target: BMO Capital Markets increased its price target for DTE from $132 to $134, implying potential upside from the recent trading level. The firm retained a “market perform” rating, suggesting moderate rather than strongly bullish conviction. DTE Energy Price Target Raised to $134.00
• Positive Sentiment: 100-megawatt solar project completed: DTE completed construction of the Cold Creek Solar Park in Michigan. The facility is tied to Ford’s clean-energy objectives and strengthens DTE’s renewable-generation portfolio, potentially supporting its long-term growth and decarbonization narrative. DTE Energy completes construction at 100MW solar PV plant DTE solar park tied to Ford clean-energy goals
• Neutral Sentiment: Valuation viewed favorably: A Seeking Alpha analysis described DTE as potentially undervalued for investors seeking utility exposure. This may attract income-oriented or defensive investors, although it represents an external opinion rather than a new company announcement. DTE Energy viewed as undervalued
• Negative Sentiment: Temporary gas-work odor notice: DTE warned residents near Traverse City Central High School that a rotten-egg odor may occur during gas work. The notice appears precautionary and temporary, but any gas-related incident can create limited reputational or operational concerns. Rotten egg odor expected during DTE gas work

About DTE Energy

DTE Energy Company is a diversified energy company headquartered in Detroit, Michigan. Through its regulated utility operations, the company generates, transmits and distributes electricity and purchases, stores, transports and distributes natural gas. Its utility services primarily support residential, commercial and industrial customers across southeastern Michigan.

DTE Energy also operates businesses involved in energy-related products and services, including renewable energy, energy management, power and industrial projects, and other nonutility activities.