DTE Energy (NYSE:DTE) Stock Price Expected to Rise, Mizuho Analyst Says

DTE Energy (NYSE:DTE) had its target price increased by stock analysts at Mizuho from $140.00 to $144.00 in a research note issued on Monday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s target price would suggest a potential upside of 5.27% from the stock’s current price.

DTE has been the subject of a number of other research reports. BMO Capital Markets reduced their target price on DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. Morgan Stanley reissued an “overweight” rating and set a $142.00 price target on shares of DTE Energy in a research report on Wednesday, January 21st. Scotiabank decreased their price objective on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Jefferies Financial Group upgraded DTE Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $149.00 to $150.00 in a report on Thursday, December 11th. Finally, UBS Group reduced their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.38.

DTE Energy Trading Up 0.9%

Shares of DTE opened at $136.79 on Monday. The business’s 50-day moving average price is $132.01 and its 200 day moving average price is $136.12. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $28.41 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.49 and a beta of 0.49. DTE Energy has a 1-year low of $117.56 and a 1-year high of $143.79.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same period last year, the company posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. Analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

Institutional Investors Weigh In On DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC increased its position in DTE Energy by 29.8% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after buying an additional 70 shares during the last quarter. Keybank National Association OH boosted its stake in shares of DTE Energy by 1.6% during the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 72 shares in the last quarter. Atria Investments Inc increased its holdings in shares of DTE Energy by 0.6% during the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after acquiring an additional 72 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in shares of DTE Energy by 2.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 73 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of DTE Energy by 1.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 75 shares in 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.