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

DTE Energy (NYSE:DTE) had its price target reduced by analysts at JPMorgan Chase & Co. from $160.00 to $155.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 10.78% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley cut their target price on DTE Energy from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.00 price target on shares of DTE Energy in a research report on Wednesday, April 8th. Truist Financial initiated coverage on DTE Energy in a research report on Monday, April 20th. They set a “buy” rating and a $165.00 price target on the stock. Mizuho set a $165.00 price target on DTE Energy in a research report on Friday, May 1st. Finally, Argus raised DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.58.

DTE Energy Trading Down 2.7%

NYSE:DTE opened at $139.92 on Thursday. DTE Energy has a 1-year low of $126.23 and a 1-year high of $154.63. The business’s 50-day moving average price is $146.21 and its two-hundred day moving average price is $139.33. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $29.11 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 3.14 and a beta of 0.41.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. 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. On average, equities analysts expect that DTE Energy will post 7.71 earnings per share for the current year.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president owned 6,233 shares of the company’s stock, valued at $895,806.76. This trade represents a 13.83% 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 currently owned by corporate insiders.

Institutional Investors Weigh In On DTE Energy

A number of hedge funds have recently modified their holdings of DTE. Empowered Funds LLC raised its position in DTE Energy by 200.7% in the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after buying an additional 6,614 shares during the last quarter. Woodline Partners LP raised its position in DTE Energy by 40.8% in the 1st quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock valued at $2,421,000 after buying an additional 5,072 shares during the last quarter. Intech Investment Management LLC raised its position in DTE Energy by 6.5% in the 1st quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock valued at $1,754,000 after buying an additional 773 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in DTE Energy in the 2nd quarter valued at approximately $203,000. Finally, Jump Financial LLC raised its position in DTE Energy by 154.5% in the 2nd quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock valued at $1,679,000 after buying an additional 7,696 shares during the last quarter. Institutional investors and hedge funds 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.