DTE Energy (NYSE:DTE) Given New $152.00 Price Target at BMO Capital Markets

DTE Energy (NYSE:DTE) had its target price lowered by BMO Capital Markets from $154.00 to $152.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 1.06% from the stock’s current price.

DTE has been the subject of a number of other reports. Morgan Stanley reiterated an “overweight” rating and issued a $150.00 target price on shares of DTE Energy in a report on Wednesday, June 24th. Truist Financial reduced their price objective on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research report on Monday, May 18th. TD Cowen assumed coverage on shares of DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. Finally, Bank of America reissued a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.15.

DTE Energy Stock Performance

Shares of DTE opened at $150.41 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $31.29 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.38. The firm’s fifty day simple moving average is $146.54 and its two-hundred day simple moving average is $143.04. DTE Energy has a 12 month low of $126.23 and a 12 month high of $155.74.

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 the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period last year, the business posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, analysts predict that DTE Energy will post 7.71 EPS for the current year.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new stake in shares of DTE Energy during the fourth quarter worth about $25,000. Quest 10 Wealth Builders Inc. lifted its position in DTE Energy by 754.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares in the last quarter. Torren Management LLC bought a new position in DTE Energy in the 4th quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in DTE Energy during the 4th quarter valued at about $29,000. Finally, Key Financial Inc acquired a new position in DTE Energy during the 1st quarter valued at about $29,000. 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.