JPMorgan Chase & Co. Forecasts Strong Price Appreciation for DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTE) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $155.00 to $162.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.47% from the stock’s previous close.

A number of other research firms have also recently commented on DTE. Truist Financial dropped their price target on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a research note on Thursday, July 9th. BMO Capital Markets dropped their target price on DTE Energy from $154.00 to $152.00 and set a “market perform” rating for the company in a research report on Monday. Bank of America reiterated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $150.00 price target on shares of DTE Energy in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.69.

DTE Energy Trading Up 0.7%

Shares of DTE Energy stock traded up $1.03 on Thursday, reaching $147.98. The company had a trading volume of 298,565 shares, compared to its average volume of 1,441,893. The firm has a market cap of $30.78 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 3.25 and a beta of 0.38. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The firm’s 50-day moving average price is $146.71 and its two-hundred day moving average price is $143.47. DTE Energy has a 1 year low of $126.23 and a 1 year high of $155.74.

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

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On DTE Energy

A number of large investors have recently bought and sold shares of DTE. Laurel Wealth Advisors LLC bought a new stake in DTE Energy during the 4th quarter valued at $25,000. Quest 10 Wealth Builders Inc. raised its position 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 worth $26,000 after acquiring an additional 181 shares in the last quarter. Torren Management LLC purchased a new stake in shares of DTE Energy during the 4th quarter worth $26,000. Elyxium Wealth LLC bought a new stake in DTE Energy during the fourth quarter valued at about $29,000. Finally, Key Financial Inc bought a new stake in DTE Energy during the first quarter valued at about $29,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

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.