DTE Energy (NYSE:DTE) Price Target Cut to $145.00 by Analysts at JPMorgan Chase & Co.

DTE Energy (NYSE:DTE) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $151.00 to $145.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 11.02% from the stock’s current price.

Several other analysts have also recently commented on the stock. UBS Group raised their price objective on shares of DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wells Fargo & Company upgraded DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Morgan Stanley set a $144.00 target price on DTE Energy in a report on Thursday, November 20th. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, BMO Capital Markets boosted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.08.

DTE Energy Stock Up 0.5%

NYSE DTE traded up $0.61 during trading hours on Thursday, hitting $130.60. 927,065 shares of the company were exchanged, compared to its average volume of 1,333,694. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. The firm has a market cap of $27.12 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.55 and a beta of 0.47. The company has a 50 day moving average of $137.60 and a two-hundred day moving average of $136.62. DTE Energy has a 52-week low of $116.30 and a 52-week high of $143.79.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.15. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same quarter in the prior year, the firm posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently modified their holdings of DTE. Vanguard Group Inc. raised its holdings in DTE Energy by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after acquiring an additional 1,042,589 shares during the last quarter. Millennium Management LLC grew its position in shares of DTE Energy by 810.6% in the third quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after purchasing an additional 742,056 shares during the period. Raymond James Financial Inc. increased its stake in 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. Goldman Sachs Group Inc. lifted its position in DTE Energy by 65.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after buying an additional 637,378 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after buying an additional 602,602 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.