BMO Capital Markets Has Lowered Expectations for DTE Energy (NYSE:DTE) Stock Price

DTE Energy (NYSE:DTE) had its price target cut by stock analysts at BMO Capital Markets from $157.00 to $148.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 2.41% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on DTE. Mizuho boosted their price objective on DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of DTE Energy in a report on Friday, February 20th. UBS Group lowered their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. Finally, Wells Fargo & Company reduced their target price on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $152.17.

DTE Energy Trading Up 0.1%

DTE stock opened at $144.52 on Thursday. DTE Energy has a one year low of $123.69 and a one year high of $154.63. The stock has a market cap of $30.06 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47. The company has a fifty day moving average price of $142.43 and a two-hundred day moving average price of $137.81. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $3.39 billion. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. During the same quarter last year, the company posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

Hedge Funds Weigh In On DTE Energy

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its holdings in shares of DTE Energy by 227.4% during the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after buying an additional 1,895,631 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of DTE Energy in the 4th quarter worth approximately $139,423,000. Cohen & Steers Inc. bought a new position in shares of DTE Energy during the 4th quarter worth $125,604,000. Vanguard Group Inc. raised its stake in DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after acquiring an additional 766,499 shares during the period. Finally, Raymond James Financial Inc. grew its stake in DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after buying an additional 648,007 shares in the last quarter. 76.06% of the stock is 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.