DTE Energy (NYSE:DTE) Given New $148.00 Price Target at BMO Capital Markets

DTE Energy (NYSE:DTE) had its target price decreased by BMO Capital Markets from $157.00 to $148.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 3.16% from the company’s current price.

A number of other brokerages also recently weighed in on DTE. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Mizuho increased 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. Morgan Stanley restated an “overweight” rating and set a $153.00 target price on shares of DTE Energy in a report on Friday, February 20th. Barclays lifted their price target on shares of DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.17.

DTE Energy Price Performance

NYSE DTE opened at $143.46 on Thursday. DTE Energy has a 12 month low of $123.69 and a 12 month high of $154.63. The firm has a market capitalization of $29.84 billion, a PE ratio of 20.44, a P/E/G ratio of 2.63 and a beta of 0.47. The company’s 50 day simple moving average is $142.06 and its 200 day simple moving average is $137.69. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55.

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

Institutional Trading of DTE Energy

Several large investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in shares of DTE Energy during the fourth quarter valued at $25,000. Quest 10 Wealth Builders Inc. boosted its position in DTE Energy by 754.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 181 shares during the period. Torren Management LLC acquired a new stake in DTE Energy during the 4th quarter worth about $26,000. Global Wealth Strategies & Associates purchased a new position in DTE Energy during the 3rd quarter valued at about $28,000. Finally, Clean Yield Group purchased a new position in DTE Energy during the 3rd quarter valued at about $28,000. 76.06% of the stock is 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.