DTE Energy Company (NYSE:DTE) Stock Has Average Target Price of $156.46

Shares of DTE Energy Company (NYSE:DTE) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $154.38.

Several equities research analysts have weighed in on the stock. TD Cowen initiated coverage on shares of DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price on the stock. Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Morgan Stanley dropped their price objective on DTE Energy from $148.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Finally, Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th.

DTE Energy Price Performance

DTE Energy stock opened at $123.19 on Friday. 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 firm has a market capitalization of $25.63 billion, a P/E ratio of 19.49, a PEG ratio of 2.40 and a beta of 0.36. The business has a 50-day moving average of $135.08 and a 200-day moving average of $142.62. DTE Energy has a 1 year low of $119.68 and a 1 year high of $155.74.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results 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. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the company posted $1.36 EPS. On average, equities analysts anticipate that DTE Energy will post 7.71 EPS for the current year.

Insider Activity

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was 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 of the company’s stock, valued at $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Institutional Trading of DTE Energy

A number of large investors have recently bought and sold shares of DTE. BlackRock Inc. bought a new position in DTE Energy in the second quarter valued at approximately $3,915,284,000. Capital Research Global Investors increased its position in shares of DTE Energy by 3.1% during the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after acquiring an additional 379,443 shares in the last quarter. Geode Capital Management LLC increased its position in shares of DTE Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after acquiring an additional 117,322 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of DTE Energy during the second quarter worth $477,264,000. Finally, Janus Henderson Group PLC raised its holdings in shares of DTE Energy by 1.3% during the first quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock worth $451,022,000 after acquiring an additional 40,346 shares during the period. 76.06% of the stock is owned by institutional investors.

Key Stories Impacting 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.