JPMorgan Chase & Co. Cuts DTE Energy (NYSE:DTE) Price Target to $155.00

DTE Energy (NYSE:DTE) had its target price decreased by JPMorgan Chase & Co. from $160.00 to $155.00 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 price objective suggests a potential upside of 7.89% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Bank of America reiterated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. BMO Capital Markets reduced their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research report on Thursday, March 26th. Truist Financial began coverage on DTE Energy in a research report on Monday, April 20th. They set a “buy” rating and a $165.00 target price on the stock. Citigroup increased their target price on DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Morgan Stanley cut their price target on shares of DTE Energy from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.58.

DTE Energy Trading Up 1.2%

Shares of DTE traded up $1.67 on Thursday, hitting $143.67. 467,254 shares of the stock traded hands, compared to its average volume of 1,455,203. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $29.89 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.11 and a beta of 0.41. The stock’s 50 day moving average is $146.50 and its two-hundred day moving average is $139.32. DTE Energy has a 1 year low of $126.23 and a 1 year high of $154.63.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the previous year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts predict that DTE Energy will post 7.71 earnings per share for the current year.

Hedge Funds Weigh In On DTE Energy

Hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at $25,000. Quest 10 Wealth Builders Inc. raised its stake in shares of DTE Energy by 754.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares during the period. Torren Management LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at $26,000. Cloud Capital Management LLC purchased a new position in shares of DTE Energy in the 3rd quarter valued at $28,000. Finally, Elyxium Wealth LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

About DTE Energy

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.