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

DTE Energy (NYSE:DTE) had its price target dropped by equities researchers at BMO Capital Markets from $157.00 to $148.00 in a research note issued to investors on Thursday,Benzinga 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 3.16% from the company’s current price.

Several other research analysts have also weighed in on the company. UBS Group dropped their target price 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. Barclays increased their price objective on DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 17th. Mizuho lifted their target price on shares of DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Finally, Argus upgraded shares of DTE Energy to a “strong-buy” rating in a report on Thursday, February 26th. 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 stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and an average target price of $152.17.

DTE Energy Stock Up 0.1%

DTE stock opened at $143.46 on Thursday. The company has a 50 day moving average of $142.06 and a two-hundred day moving average of $137.69. The company has a market cap of $29.84 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.63 and a beta of 0.47. DTE Energy has a 12-month low of $123.69 and a 12-month high of $154.63. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93.

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

Institutional Investors Weigh In On DTE Energy

A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its position in shares of DTE Energy by 227.4% in the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after purchasing an additional 1,895,631 shares during the period. Balyasny Asset Management L.P. bought a new position in DTE Energy in the 4th quarter worth $139,423,000. Cohen & Steers Inc. acquired a new position in DTE Energy during the 4th quarter worth $125,604,000. Vanguard Group Inc. boosted its holdings in DTE Energy by 3.0% during the fourth 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 position in shares of DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

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.