BMO Capital Markets Lowers DTE Energy (NYSE:DTE) Price Target to $148.00

DTE Energy (NYSE:DTE) had its target price dropped by equities researchers at BMO Capital Markets from $152.00 to $148.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 0.02% from the stock’s current price.

DTE has been the subject of several other reports. Barclays reduced their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Mizuho set a $165.00 price target on DTE Energy in a report on Friday, May 1st. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Morgan Stanley restated an “overweight” rating on shares of DTE Energy in a research note on Wednesday. Finally, Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $158.38.

DTE Energy Price Performance

NYSE DTE opened at $147.97 on Wednesday. DTE Energy has a fifty-two week low of $126.23 and a fifty-two week high of $155.74. The stock’s 50-day moving average is $147.33 and its two-hundred day moving average is $144.22. The firm has a market cap of $30.78 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 3.24 and a beta of 0.38. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69.

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). The company had revenue of $5.14 billion for 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 quarter last year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts anticipate that DTE Energy will post 7.71 earnings per share for the current fiscal year.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the company’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 transaction, the vice president directly owned 6,233 shares in the company, valued at $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DTE. Laurel Wealth Advisors LLC acquired a new position in shares of DTE Energy during the fourth quarter valued at about $25,000. Key Financial Inc acquired a new stake in DTE Energy during the first quarter worth about $29,000. Torren Management LLC bought a new position in DTE Energy during the fourth quarter valued at about $26,000. Quest 10 Wealth Builders Inc. increased its stake in DTE Energy by 754.2% during the fourth 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 during the period. Finally, Elyxium Wealth LLC bought a new position in DTE Energy during the fourth quarter valued at about $29,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.