Mizuho Issues Pessimistic Forecast for DTE Energy (NYSE:DTE) Stock Price

DTE Energy (NYSE:DTE) had its price objective decreased by Mizuho from $152.00 to $136.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s target price indicates a potential upside of 11.20% from the stock’s previous close.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their target price 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. Morgan Stanley decreased their price objective on DTE Energy from $148.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a research report on Monday, June 15th. Truist Financial dropped their target price on DTE Energy from $166.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. 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, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.38.

DTE Energy Price Performance

DTE Energy stock opened at $122.30 on Monday. DTE Energy has a 12-month low of $119.68 and a 12-month high of $155.74. The stock has a market capitalization of $25.45 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.38 and a beta of 0.37. The firm’s 50-day moving average is $136.11 and its two-hundred day moving average is $142.98. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53.

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

Insider Buying and Selling

In other DTE Energy 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 value of $678,550.00. Following the transaction, the insider directly 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 Investors Weigh In On DTE Energy

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in DTE Energy in the 2nd quarter worth approximately $3,915,284,000. Capital Research Global Investors grew its position in DTE Energy by 3.1% in the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after acquiring an additional 379,443 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of DTE Energy during the second quarter valued at approximately $477,264,000. Janus Henderson Group PLC raised its stake 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 valued at $451,022,000 after purchasing an additional 40,346 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of DTE Energy during the second quarter worth $417,001,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

More DTE Energy News

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

• Neutral Sentiment: DTE plans to upgrade the Fermi 2 nuclear plant and build two additional power plants, with one potentially located in Milan, Michigan. The projects could strengthen generation capacity, but they may also require substantial capital investment and regulatory approvals. DTE plans to upgrade Fermi 2, build two plants, one possibly in Milan
• Neutral Sentiment: In its integrated resource plan, DTE Electric proposed a mix of natural-gas plants, energy storage and renewable generation while reaffirming its coal phaseout. The strategy may improve long-term fuel and emissions flexibility, but its execution and cost could affect future customer rates and profitability. DTE Proposes Gas Plants, Storage, Renewables in IRP
• Negative Sentiment: Mizuho cut its DTE price target from $152 to $136 but maintained an “outperform” rating. The reduced target signals a more cautious valuation outlook, even though it still implies potential upside from the current share price. Mizuho Adjusts Price Target on DTE Energy
• Negative Sentiment: BMO Capital Markets lowered its target from $143 to $132 and assigned a “market perform” rating. The move adds to the pressure from analyst revisions and suggests limited near-term conviction in the stock’s upside. BMO Capital Adjusts DTE Energy 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.