Morgan Stanley Cuts DTE Energy (NYSE:DTE) Price Target to $141.00

DTE Energy (NYSE:DTE) had its target price decreased by Morgan Stanley from $148.00 to $141.00 in a report issued on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the utilities provider’s stock.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a research note on Thursday, July 9th. Mizuho reduced their price target on shares of DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Truist Financial decreased their price target on shares of DTE Energy from $166.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

DTE Energy Stock Performance

NYSE:DTE opened at $128.42 on Friday. The business’s fifty day moving average is $139.60 and its 200 day moving average is $144.26. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.79 and a beta of 0.37. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. DTE Energy has a 52-week low of $126.23 and a 52-week high of $155.74.

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

Insider Buying and Selling at DTE Energy

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider directly owned 73,122 shares in the company, valued at $9,923,386.62. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC boosted its position in DTE Energy by 68.0% during the 2nd quarter. Anchor Investment Management LLC now owns 284 shares of the utilities provider’s stock valued at $43,000 after buying an additional 115 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of DTE Energy by 5.7% in the second quarter. Sequoia Financial Advisors LLC now owns 24,355 shares of the utilities provider’s stock valued at $3,711,000 after acquiring an additional 1,319 shares during the period. Tidal Investments LLC increased its position in shares of DTE Energy by 10.2% in the second quarter. Tidal Investments LLC now owns 8,380 shares of the utilities provider’s stock valued at $1,277,000 after acquiring an additional 775 shares during the period. Cidel Asset Management Inc. raised its stake in shares of DTE Energy by 7.6% during the second quarter. Cidel Asset Management Inc. now owns 1,924 shares of the utilities provider’s stock valued at $293,000 after acquiring an additional 136 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of DTE Energy by 53.1% during the second quarter. Integrated Wealth Concepts LLC now owns 9,529 shares of the utilities provider’s stock valued at $1,452,000 after acquiring an additional 3,304 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy News Summary

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

• Positive Sentiment: DTE’s agreements with major hyperscalers could make it a potential beneficiary of the data-center power buildout. The anticipated increase in electricity demand may support long-term earnings and infrastructure growth. DTE Could Be One of the Quiet Winners of the Data Center Boom
• Positive Sentiment: Although Morgan Stanley lowered its price target to $141 from $148, it maintained an “overweight” rating, implying the stock remains viewed as undervalued relative to its expected performance. Morgan Stanley Adjusts DTE Energy Price Target
• Positive Sentiment: A separate analysis argues that DTE’s dividend and valuation make the stock potentially undervalued, providing support for income-focused investors. DTE Energy Stock May Be Undervalued on Dividend Strength
• Neutral Sentiment: DTE’s CEO highlighted the company’s long-running support for DAPCEP, a Detroit education and workforce-development organization. The announcement strengthens DTE’s community and talent-development profile but has limited immediate earnings impact. Why DTE’s CEO Is Thankful for DAPCEP’s Support
• Negative Sentiment: The Morgan Stanley target reduction reflects more cautious near-term expectations and likely contributed to selling pressure, despite the continued overweight recommendation. DTE Energy Stock Slips as Morgan Stanley Cuts Target
• Negative Sentiment: Calls from John James for greater electricity competition in DTE’s market could create longer-term regulatory and pricing risks if they lead to changes in the company’s operating environment. John James Calls for More Electricity Competition

DTE Energy Company Profile

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.