DTE Energy (NYSE:DTE) Hits New 1-Year Low After Analyst Downgrade

DTE Energy Company (NYSE:DTE)’s stock price reached a new 52-week low during trading on Tuesday after BMO Capital Markets lowered their price target on the stock from $143.00 to $132.00. BMO Capital Markets currently has a market perform rating on the stock. DTE Energy traded as low as $119.68 and last traded at $121.6190, with a volume of 155042 shares changing hands. The stock had previously closed at $120.83.

DTE has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. TD Cowen assumed coverage on DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price on the stock. Morgan Stanley reduced their price target on DTE Energy from $148.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Mizuho lowered their price target on DTE Energy from $152.00 to $136.00 and set an “outperform” rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.38.

Insider Buying and Selling

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the sale, the insider owned 73,122 shares in the company, valued at approximately $9,923,386.62. The trade was a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

DTE Energy News Roundup

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: Mizuho maintained its “outperform” rating while lowering its price target to $136 from $152, implying approximately 12.6% upside. The continued bullish rating provides some support for DTE shares. Mizuho Adjusts Price Target on DTE Energy
• Positive Sentiment: DTE’s proposed capital program includes upgrading the Fermi 2 nuclear plant and potentially building two additional plants. These investments could support long-term generation capacity and rate-base growth, although they would also require substantial spending. DTE plans to upgrade Fermi 2, build two plants
• Neutral Sentiment: DTE Electric’s integrated resource plan calls for a mix of natural-gas generation, energy storage and renewable resources while reaffirming the company’s coal phaseout. The plan outlines DTE’s long-term power strategy but may increase execution, regulatory and capital-allocation considerations. DTE Proposes Gas Plants, Storage, Renewables in IRP
• Negative Sentiment: BMO Capital Markets cut its price target to $132 from $143 and assigned a “market perform” rating. Although the new target still represents about 9.3% potential upside, the reduction signals more limited near-term expectations. BMO Capital Adjusts DTE Energy Price Target
• Negative Sentiment: Mizuho’s $16 price-target reduction, along with BMO’s cut, highlights broader analyst caution regarding DTE’s valuation, earnings outlook or investment requirements. Mizuho Issues Forecast for DTE Energy

Institutional Investors Weigh In On DTE Energy

Several hedge funds have recently bought and sold shares of DTE. Oregon Public Employees Retirement Fund lifted its position in DTE Energy by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 71 shares during the period. Whittier Trust Co. grew its stake in shares of DTE Energy by 3.5% in the 1st quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 75 shares during the last quarter. Prosperity Consulting Group LLC increased its holdings in shares of DTE Energy by 1.2% in the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after purchasing an additional 76 shares during the period. MeadowBrook Investment Advisors LLC increased its holdings in shares of DTE Energy by 3.6% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,504 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 88 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of DTE Energy by 5.7% during the second quarter. Versant Capital Management Inc now owns 1,756 shares of the utilities provider’s stock worth $268,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. The company has a 50 day moving average price of $136.56 and a 200 day moving average price of $143.15. The firm has a market cap of $25.39 billion, a PE ratio of 19.31, a PEG ratio of 2.39 and a beta of 0.37.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same period last year, the firm posted $1.36 EPS. Sell-side analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

About DTE Energy

DTE Energy Company is a diversified energy company headquartered in Detroit, Michigan. Through its regulated utility operations, the company generates, transmits and distributes electricity and purchases, stores, transports and distributes natural gas. Its utility services primarily support residential, commercial and industrial customers across southeastern Michigan.

DTE Energy also operates businesses involved in energy-related products and services, including renewable energy, energy management, power and industrial projects, and other nonutility activities.