JPMorgan Chase & Co. Cuts DTE Energy (NYSE:DTE) Price Target to $155.00

DTE Energy (NYSE:DTE) had its price objective dropped by JPMorgan Chase & Co. from $160.00 to $155.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.89% from the company’s previous close.

Several other equities research analysts also recently issued reports on DTE. Wells Fargo & Company restated an “overweight” rating and set a $160.00 price objective on shares of DTE Energy in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of DTE Energy in a research report on Wednesday, April 8th. Mizuho set a $165.00 target price on shares of DTE Energy in a research report on Friday, May 1st. Finally, BMO Capital Markets dropped their target price on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.58.

DTE Energy Stock Up 1.2%

Shares of NYSE:DTE traded up $1.67 during mid-day trading on Thursday, hitting $143.67. 467,254 shares of the company traded hands, compared to its average volume of 1,455,203. DTE Energy has a 52-week low of $126.23 and a 52-week high of $154.63. The firm has a market cap of $29.89 billion, a P/E ratio of 23.67, a PEG ratio of 3.11 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The firm’s 50 day simple moving average is $146.50 and its 200 day simple moving average is $139.32.

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

Institutional Investors Weigh In On DTE Energy

A number of institutional investors have recently modified their holdings of DTE. Empowered Funds LLC grew its position in shares of DTE Energy by 200.7% during the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after buying an additional 6,614 shares during the last quarter. Woodline Partners LP grew its position in shares of DTE Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after buying an additional 5,072 shares during the last quarter. Intech Investment Management LLC grew its position in shares of DTE Energy by 6.5% during the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after buying an additional 773 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of DTE Energy during the 2nd quarter valued at about $203,000. Finally, Jump Financial LLC grew its position in shares of DTE Energy by 154.5% during the 2nd quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock valued at $1,679,000 after buying an additional 7,696 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

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.