DTE Energy (NYSE:DTE) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

DTE Energy (NYSE:DTE) had its price objective lifted by stock analysts at BMO Capital Markets from $132.00 to $134.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 4.64% from the stock’s current price.

Other equities analysts have also issued reports about the company. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research note on Monday, June 15th. TD Cowen assumed coverage on DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective on the stock. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday. Truist Financial lowered their target price on DTE Energy from $166.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.54.

DTE Energy Trading Up 2.4%

DTE Energy stock opened at $128.06 on Monday. DTE Energy has a 1 year low of $119.68 and a 1 year high of $155.74. The firm’s 50 day moving average price is $133.77 and its 200-day moving average price is $142.14. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. The stock has a market cap of $26.65 billion, a P/E ratio of 20.26, a PEG ratio of 2.46 and a beta of 0.36.

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

Insiders Place Their Bets

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the transaction, the insider directly owned 73,122 shares in the company, valued at approximately $9,923,386.62. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DTE Energy

A number of institutional investors have recently modified their holdings of DTE. GoalVest Advisory LLC boosted its holdings in shares of DTE Energy by 2.9% in the third quarter. GoalVest Advisory LLC now owns 8,256 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 234 shares during the period. QRG Capital Management Inc. increased its stake in shares of DTE Energy by 5.7% during the second quarter. QRG Capital Management Inc. now owns 28,810 shares of the utilities provider’s stock valued at $4,390,000 after buying an additional 1,545 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of DTE Energy by 5.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,272 shares of the utilities provider’s stock valued at $651,000 after acquiring an additional 235 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of DTE Energy by 68.0% in the second quarter. Anchor Investment Management LLC now owns 284 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 115 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in DTE Energy by 5.7% in the second quarter. Sequoia Financial Advisors LLC now owns 24,355 shares of the utilities provider’s stock worth $3,711,000 after acquiring an additional 1,319 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

Key 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 target for DTE Energy from $132 to $134 while maintaining a “market perform” rating. The revised target implies approximately 4.6% upside from the referenced share price, signaling modest potential appreciation despite a neutral recommendation. BMO raises target for DTE Energy stock
• Positive Sentiment: Renewable-energy expansion completed: DTE Energy completed construction of the 100-megawatt Cold Creek solar park in Michigan. The project is tied to Ford’s clean-energy goals and strengthens DTE’s renewable generation portfolio, potentially supporting customer relationships and future clean-energy investment opportunities. DTE Energy completes construction at 100MW solar PV plant DTE Energy completes solar park tied to Ford goals
• Neutral Sentiment: Valuation viewed favorably: A Seeking Alpha analysis describes DTE Energy as undervalued for investors seeking utility exposure. This may support investor interest, although it reflects an opinion rather than a new company announcement or change to earnings expectations. DTE Energy described as undervalued
• Neutral Sentiment: Routine gas work: DTE warned that a temporary rotten-egg odor could occur near Traverse City Central High School during gas work. The notice appears operational and precautionary, with no reported material financial impact. Rotten egg odor expected during DTE gas work

DTE Energy Company Profile

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.