JPMorgan Chase & Co. Forecasts Strong Price Appreciation for DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTE) had its target price lifted by analysts at JPMorgan Chase & Co. from $155.00 to $162.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 9.37% from the company’s current price.

A number of other research analysts have also recently commented on DTE. Morgan Stanley restated an “overweight” rating and set a $150.00 price objective on shares of DTE Energy in a research note on Wednesday, June 24th. Barclays lowered their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Mizuho set a $165.00 target price on DTE Energy in a report on Friday, May 1st. Jefferies Financial Group set a $172.00 target price on DTE Energy in a report on Thursday, July 9th. Finally, Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $158.69.

DTE Energy Price Performance

DTE Energy stock opened at $148.12 on Thursday. The firm has a fifty day moving average of $147.00 and a 200-day moving average of $143.64. DTE Energy has a 52-week low of $126.23 and a 52-week high of $155.74. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $30.81 billion, a P/E ratio of 24.40, a PEG ratio of 3.25 and a beta of 0.38.

DTE Energy (NYSE:DTE) last posted its earnings results 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). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. 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.

Insiders Place Their Bets

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 directly owned 6,233 shares in the company, valued at $895,806.76. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DTE Energy

A number of hedge funds have recently bought and sold shares of DTE. Northside Capital Management LLC increased its holdings in DTE Energy by 0.5% during the 2nd quarter. Northside Capital Management LLC now owns 26,047 shares of the utilities provider’s stock worth $3,969,000 after purchasing an additional 121 shares during the last quarter. Tema ETFs LLC grew its position in shares of DTE Energy by 8.6% during the second quarter. Tema ETFs LLC now owns 3,679 shares of the utilities provider’s stock worth $561,000 after buying an additional 290 shares in the last quarter. William Mack & Associates Inc. increased its stake in shares of DTE Energy by 34.8% in the second quarter. William Mack & Associates Inc. now owns 4,615 shares of the utilities provider’s stock worth $703,000 after buying an additional 1,192 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in DTE Energy by 4.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 5,538 shares of the utilities provider’s stock valued at $844,000 after acquiring an additional 253 shares in the last quarter. Finally, Revolve Wealth Partners LLC boosted its stake in DTE Energy by 8.7% during the 2nd quarter. Revolve Wealth Partners LLC now owns 1,519 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds 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.