Bank of America Forecasts Strong Price Appreciation for DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTE) had its price target lifted by stock analysts at Bank of America from $153.00 to $154.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Bank of America‘s price objective would suggest a potential upside of 15.53% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. BMO Capital Markets upped their price target on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Barclays upped their price target on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price objective on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Finally, Morgan Stanley increased their price objective on DTE Energy from $137.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $149.25.

DTE Energy Price Performance

DTE stock opened at $133.30 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $27.68 billion, a PE ratio of 19.18, a P/E/G ratio of 2.97 and a beta of 0.45. DTE Energy has a 12-month low of $115.59 and a 12-month high of $143.79. The business’s fifty day moving average price is $138.51 and its 200 day moving average price is $136.77.

DTE Energy (NYSE:DTE) last posted 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. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the business earned $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. On average, sell-side analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

Insider Activity

In related news, VP Lisa A. Muschong sold 1,600 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of DTE Energy

A number of large investors have recently made changes to their positions in DTE. Quintet Private Bank Europe S.A. acquired a new stake in shares of DTE Energy in the 2nd quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DTE Energy in the 1st quarter valued at about $28,000. Global Wealth Strategies & Associates acquired a new stake in shares of DTE Energy in the 3rd quarter valued at about $28,000. Clean Yield Group acquired a new stake in shares of DTE Energy in the 3rd quarter valued at about $28,000. Finally, Cloud Capital Management LLC acquired a new stake in DTE Energy during the 3rd quarter worth approximately $28,000. 76.06% of the stock is owned by institutional investors and hedge funds.

About DTE Energy

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.