BMO Capital Markets Cuts DTE Energy (NYSE:DTE) Price Target to $132.00

DTE Energy (NYSE:DTE) had its target price decreased by BMO Capital Markets from $143.00 to $132.00 in a research note published on Tuesday morning, MarketBeat reports. BMO Capital Markets currently has a market perform rating on the utilities provider’s stock.

A number of other research analysts have also weighed in on DTE. Morgan Stanley cut their target price on shares of DTE Energy from $148.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, September 18th. JPMorgan Chase & Co. lifted their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Wells Fargo & Company restated an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. Mizuho lowered their price target on shares of DTE Energy from $152.00 to $136.00 and set an “outperform” rating for the company in a report on Monday. Finally, Jefferies Financial Group set a $172.00 price target on DTE Energy in a research report on Thursday, July 9th. One research 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $154.38.

DTE Energy Trading Up 1.1%

Shares of DTE stock opened at $123.19 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $25.63 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.36. DTE Energy has a 12-month low of $119.68 and a 12-month high of $155.74. The stock’s 50-day moving average price is $135.08 and its 200-day moving average price is $142.62.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same period in the prior year, the company earned $1.36 earnings per share. Equities research analysts predict that DTE Energy will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling at DTE Energy

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the completion of the sale, the insider owned 73,122 shares in the company, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On DTE Energy

Several hedge funds have recently added to or reduced their stakes in DTE. QRG Capital Management Inc. raised its position in DTE Energy by 5.7% in the 2nd quarter. QRG Capital Management Inc. now owns 28,810 shares of the utilities provider’s stock worth $4,390,000 after purchasing an additional 1,545 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of DTE Energy by 5.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,272 shares of the utilities provider’s stock valued at $651,000 after buying an additional 235 shares during the period. Anchor Investment Management LLC boosted its position in shares of DTE Energy by 68.0% during the second quarter. Anchor Investment Management LLC now owns 284 shares of the utilities provider’s stock valued at $43,000 after buying an additional 115 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of DTE Energy by 5.7% during the second quarter. Sequoia Financial Advisors LLC now owns 24,355 shares of the utilities provider’s stock valued at $3,711,000 after buying an additional 1,319 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of DTE Energy by 10.2% during the second quarter. Tidal Investments LLC now owns 8,380 shares of the utilities provider’s stock valued at $1,277,000 after buying an additional 775 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

Trending Headlines about DTE Energy

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

• Positive Sentiment: Michigan regulators approved DTE’s power-supply agreements with Google for its planned Wayne County data center. The deal could provide DTE with additional long-term electricity demand and revenue, reinforcing investor interest in data-center-driven utility growth. Michigan regulators approve DTE-Google deal
• Positive Sentiment: DTE completed construction of the 100-megawatt Cold Creek Solar Park in Michigan. The project, supported by Ford Motor Company’s participation in DTE’s MIGreenPower program, expands DTE’s renewable-energy assets and may strengthen relationships with large commercial customers pursuing decarbonization goals. DTE completes Cold Creek Solar Park
• Neutral Sentiment: DTE launched its “Month of Warmth” initiative to help customers access energy-assistance funding and manage winter bills. The program may support customer relations and reduce payment stress, but it is not expected to materially change near-term earnings. DTE launches Month of Warmth
• Neutral Sentiment: DTE plans electrical infrastructure work in Bad Axe beginning in April 2027. The project demonstrates ongoing system investment, although the financial impact is likely limited in the near term. DTE Bad Axe electrical work
• Negative Sentiment: BMO Capital Markets cut its price target on DTE, and a related downgrade coincided with the stock reaching a new 52-week low. The analyst action adds pressure to the shares and highlights valuation or earnings concerns despite the company’s new growth projects. BMO cuts DTE price target

DTE Energy Company Profile

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.