DTE Energy (NYSE:DTE) Stock

DTE Energy

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

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This Celanese Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

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Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures. 

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>BMO Capital analyst Ameet Thakkar downgraded SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Market Perform to Underperform and raised the price target from $13 to $15. SolarEdge shares closed at $19.63 on Wednesday. <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum analyst Jeremy Hamblin downgraded the rating for Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) from Buy to Hold and announced a $625 price target. Axon Enterprise shares closed at $593.42 on Wednesday. <a href="https://www.benzinga.com/quote/AXON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Arun Viswanathan downgraded Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) from Outperform to Sector Perform and lowered the price target from $84 to $56. Celanese shares closed at $54.91 on Wednesday. <a href="https://www.benzinga.com/quote/CE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Roth MKM analyst Chip Moore downgraded Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) from Buy to Neutral and raised the price target from $4 to $5. Eos Energy Enterprises shares closed at $4.82 on Wednesday. <a href="https://www.benzinga.com/quote/EOSE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Nicholas Campanella downgraded the rating for DTE Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) from Overweight to Equal-Weight and lowered the price target from $137 to $135. DTE Energy shares closed at $130.38 on Wednesday. <a href="https://www.benzinga.com/quote/DTE/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20145520/image-173-1024x574.png" alt="" class="wp-image-791778" style="width:506px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20145520/image-173-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20145520/image-173-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20145520/image-173-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20145520/image-173.png 1127w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Barclays analyst Nicholas Campanella downgrades DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) from Overweight to Equal-Weight and lowers the price target from $137 to $135.

Price Target

Barclays Downgrades DTE Energy to Equal-Weight, Lowers Price Target to $135

DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $138.25, with a high estimate of $147.00 and a low estimate of $128.00. This upward trend is evident, with the current average reflecting a 5.94% increase from the previous average price target of $130.50.
<img src="https://www.benzinga.com/files/images/story/2025/1739912494_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of DTE Energy's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$147.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$143.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$128.00</td>
<td>$131.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DTE Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of DTE Energy compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for DTE Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of DTE Energy's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/DTE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on DTE Energy analyst ratings.</a>
<h2>Get to Know DTE Energy Better</h2>
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
<h3>DTE Energy: Delving into Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: DTE Energy's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 0.62%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.
Net Margin: DTE Energy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.35% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): DTE Energy's ROE excels beyond industry benchmarks, reaching 4.19%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): DTE Energy's ROA stands out, surpassing industry averages. With an impressive ROA of 0.97%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 2.14, DTE Energy faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down DTE Energy: 4 Analysts Share Their Views

BMO Capital analyst James Thalacker maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Market Perform and raises the price target from $125 to $135.

BMO Capital Maintains Market Perform on DTE Energy, Raises Price Target to $135

Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43692996/inflation-fears-mount-as-producer-prices-soar-to-35-put-fed-interest-rate-cut-on-ice">over persistent inflationary pressures. </a>
Despite the hotter-than-expected PPI reading—up 3.5% year-over-year in January, surpassing the 3.3% forecast—investors found some relief in certain PPI components that influence the Federal Reserve's preferred inflation gauge, which showed signs of <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43701823/economists-breathe-sigh-of-relief-why-producer-inflation-isnt-as-bad-as-it-seems">cooling compared to December.</a>
Investor risk appetite remained supported by expectations of ceasefire talks in Ukraine following a conversation between former President Donald Trump and Russian President Vladimir Putin a day earlier. 
By midday trading in New York, all major indices were in positive territory, with technology stocks leading the gains. Among semiconductor stocks, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) continued to rally, surging 10% after strong performances in prior sessions. 
The U.S. chipmaker benefited from renewed buying momentum following comments from Vice President J.D. Vance, who indicated that the Trump administration plans to ease regulations to accelerate AI chip innovation in the U.S.
Intel has now soared over 27% this week, tracking its best weekly performance since 1974. 
The U.S. dollar extended its decline as Treasury yields pulled back sharply, reversing Wednesday&#8217;s surge.
In commodities, gold edged up 0.4% to $2,918 per ounce, oil remained steady at $71 per barrel, and natural gas surged 2.4% to $3.66 per million British thermal units. 
Sentiment in cryptocurrency markets remained subdued, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sliding 2.4% to trade below $96,000.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,903.94</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,088.51</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,493.13</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,261.64</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.6% to $606.89.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.3% to $445.18.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.9% to $532.98.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.4% to $224.58.</li>
<li>The&nbsp;Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 1.1%; the&nbsp;Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to company earnings reports included:
<ul>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>): up 2.05%</li>
<li>Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>): down 7.8%</li>
<li>Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>): down 2.5%</li>
<li>American Electric Power Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>): down 0.6%</li>
<li>Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>): down 1.9%</li>
<li>Moody's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>): up 2.9%</li>
<li>Deere &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>): down 1.5%</li>
<li>PPL Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>): down 1.8%</li>
<li>MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>): up 17.9%</li>
<li>Paycom Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>): flat</li>
<li>HubSpot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>): up 1.6%</li>
<li>Lincoln Electric Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>): up 11.7%</li>
<li>Curtiss-Wright Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>): down 0.5%</li>
<li>West Pharmaceutical Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>): down 34%</li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>): up 1.1%</li>
<li>DTE Energy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>): up 2.4%</li>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): up 19.9%</li>
<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>): down 8.8%. </li>
</ul>
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Photo: Ryan DeBerardinis via Shutterstock

Stocks Rise Despite Hot Producer Inflation, Intel Soars, Bitcoin Drops Below $96,000: What's Driving Markets Thursday?

Guidance

DTE Energy Announces 2025 Operating EPS Guidance Of $7.09 - $7.23 (Vs. Cons. $7.20)

DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) reported quarterly earnings of $1.51 per share which beat the analyst consensus estimate of $1.43 by 5.59 percent. This is a 23.35 percent decrease over earnings of $1.97 per share from the same period last year.

Earnings

Earnings Beats

DTE Energy Q4 2024 Adj. EPS $1.51 Beats $1.43 Estimate

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BLIN

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BTOC

CEVA

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CNVS

COHU

COIN

CYBR

DDOG

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Hannon Armstrong Sustainable Infrastructure Capital

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Earnings Scheduled For February 13, 2025

An Arctic blast is set to hit most of the country this weekend and into next week as the polar vortex pushes frigid <a href="https://www.benzinga.com/news/global/24/12/42743937/natural-gas-prices-spike-as-bone-chilling-arctic-blast-approaches">temperatures into the U.S. </a>
The Details: Frigid Siberian air is forecast to hit the Northern Plains on Saturday and move south and east through the weekend,<a href="https://www.accuweather.com/en/winter-weather/coldest-air-of-the-winter-lurks-for-eastern-us-next-week/1734113"> according</a> to AccuWeather.&nbsp;
&#8220;The cold outbreak will occur right smack in the middle of what is historically the coldest part of the winter,&#8221; AccuWeather Senior Meteorologist Bob Larson said.
The cold is expected to linger and could bring subzero temperatures to more than 105 million people in the U.S. over the next two weeks, the Washington Post <a href="https://www.washingtonpost.com/weather/2025/01/15/polar-vortex-frigid-cold-eastern-us-forecast/">reported</a>. 
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Why It Matters: With much of the country set to face dangerously cold temperatures, investors are monitoring natural gas and utility stocks.&nbsp;
The United States 12 Month Natural Gas Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNL#NYSE">UNL</a>) which tracks the average of 12 months of natural gas futures contracts is up 4% over the past five days and the United States Natural Gas Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>), tracking the near-month natural gas futures contract price, is up more than 3% over the same period. 
Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) which provides services in several East Coast states and Washington, D.C. and Michigan-based utility provider DTE Energy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) could both see increased demand as the Arctic weather moves in. 
Retailers such as Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) could see increased sales as people purchase supplies to prepare for the wintry conditions. However, retail locations will likely see reduced foot traffic as consumers stay home when the extreme cold arrives. 
Inauguration Day: President-elect Donald Trump will be <a href="https://www.benzinga.com/search?q=Trump#:~:text=3%3A09%20AM-,Aniket%20Verma,1/16/2025%2C%202%3A32%20AM,-Pooja%20Rajkumari">inaugurated </a>on Monday in Washington D.C. and the forecast high of 24 degrees could make Trump's inauguration one of the coldest on record.&nbsp;
The coldest so far was former President Ronald Regan's second inauguration in 1985 when the temperature was -2 and the ceremony was moved indoors due to this dangerous temperature. 
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Polar Vortex Brings Winter's Coldest Air For Trump's Inauguration Day: What It Means For Utilities, Retailers, Energy Stocks

Scotiabank analyst Andrew Weisel maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Sector Outperform and raises the price target from $137 to $147.

Scotiabank Maintains Sector Outperform on DTE Energy, Raises Price Target to $147

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>UBS analyst Tasso Vasconcellos downgraded the rating for YPF Sociedad Anónima (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) from Buy to Neutral but raised the price target from $30 to $38. YPF shares closed at $40.15 on Tuesday. <a href="https://www.benzinga.com/quote/YPF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Steven Alexopoulos downgraded the rating for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from Overweight to Neutral but raised the price target from $215 to $223.5. M&amp;T Bank shares closed at $214.33 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc analyst Sophie Karp downgraded the rating for DTE Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) from Overweight to Sector Weight. DTE Energy shares closed at $122.98 on Tuesday. <a href="https://www.benzinga.com/quote/DTE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty downgraded First Citizens BancShares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) from Outperform to Market Perform but raised the price target from $2,100 to $2,500. First Citizens BancShares shares closed at $2,209.89 on Tuesday. <a href="https://www.benzinga.com/quote/FCNCA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Sophie Karp downgraded the rating for Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) from Overweight to Sector Weight. Entergy shares closed at $151.33 on Tuesday. <a href="https://www.benzinga.com/quote/ETR/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying DTE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="563" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04080108/image-34-1024x563.png" alt="" class="wp-image-676336" style="width:535px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04080108/image-34-1024x563.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04080108/image-34-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04080108/image-34-768x422.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04080108/image-34.png 1146w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

FCNCA

This DTE Energy Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

Keybanc analyst Sophie Karp downgrades DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) from Overweight to Sector Weight.

Keybanc Downgrades DTE Energy to Sector Weight

DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) underwent analysis by 13 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">9</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for DTE Energy, presenting an average target of $135.92, a high estimate of $145.00, and a low estimate of $128.00. This upward trend is evident, with the current average reflecting a 5.63% increase from the previous average price target of $128.67.
<img src="https://www.benzinga.com/files/images/story/2024/1733230841_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of DTE Energy among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$143.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$128.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Neil Kalton</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Sophie Karp</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$138.00</td>
<td>$136.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$137.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$137.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$137.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Sophie Karp</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$136.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$128.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Sophie Karp</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$130.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Anthony Crowdell</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$133.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$135.00</td>
<td>$126.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DTE Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DTE Energy compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for DTE Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into DTE Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DTE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on DTE Energy analyst ratings.</a>
<h2>All You Need to Know About DTE Energy</h2>
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
<h3>DTE Energy: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: DTE Energy's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 0.62%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.35%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): DTE Energy's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.19% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): DTE Energy's ROA stands out, surpassing industry averages. With an impressive ROA of 0.97%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.14, caution is advised due to increased financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From DTE Energy Analyst Ratings

UBS analyst William Appicelli upgrades DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) from Neutral to Buy and raises the price target from $129 to $143.

Upgrades

UBS Upgrades DTE Energy to Buy, Raises Price Target to $143

Morgan Stanley analyst David Arcaro maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and lowers the price target from $131 to $128.

Morgan Stanley Maintains Overweight on DTE Energy, Lowers Price Target to $128

DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) today announced the construction of three new electric substations as part of the company's ongoing commitment to reducing power outage frequency by 30% while cutting outage time in half by 2029.
The new substations will be in Northville Township, Pontiac and Shelby Township and represent a total investment of more than $100 million.
"We're not just building for today — we're building the grid of the future to meet the evolving needs of our customers and communities for decades to come," Matt Paul, president and chief operating officer, DTE Electric, said. "These new substations represent a major investment in our system that will improve reliability, while increasing capacity to support growth, economic development and a more electrified future, including electric vehicles."
Substations are critical parts of the electric grid that adjust voltage levels coming from power plants to distribute electricity safely and efficiently to homes and businesses. The substation construction is part of DTE's broader grid investment strategy that includes transitioning to a smart grid, upgrading existing infrastructure, rebuilding significant portions of the grid and trimming trees.

Contracts

DTE Energy Announces The Construction Of 3 New Electric Substations As Part Of The Co's Commitment To Reducing Power Outage Frequency By 30% While Cutting Outage Time In Half By 2029; New Substations Will Be In Northville Township, Pontiac And Shelby Township And Represent A Total Investment Of More Than $100M

DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>), Michigan's largest producer of and investor in renewable energy, today announced that its largest solar park, Sauk Solar, is now operational. Located in central Michigan's Branch County, the 150-megawatt solar park has nearly 347,000 solar panels and generates enough clean energy to power approximately 40,000 homes.&nbsp;
Sauk Solar is more than three times the size of DTE's second largest solar park in Lapeer. It is also the first of <a href="https://www.globenewswire.com/Tracker?data=nN73ynD7n0vpBe1rFjUXh-CmHx8-99sYwTOWboAJcqPkPdfAachzXGOW439s6OpHDB8qtrzJO_AnDXE-8PVUxV-2ki_5aBbNGTYid2B97c_7AhdWaNuP-Vm4IqRSNvJB6kxo7oTxiAy9X_gY7-1uSXTEXD6KJiAK9BpdCIHsuOrgEHRLEs5T7apEeP5drHf1">six new solar parks</a> to come online as DTE continues to build renewable energy projects to meet customer demand for more clean energy through its <a href="https://www.globenewswire.com/Tracker?data=OSeIen8nEUfRb-jPPNvJLdkMO6WZ7NDDdq5Nv4_eVUUpXeJRDip0-y-Bxj1UtFif0d3BwWDj4Vkl37PZP7RCIuzxwgXXaEfOsaLMiSYryUvP3yyZDsCSh_955p_Dgx98410Mfa_ZpB13WSbD6hlwaYyB3Fm0IbujKcVFQCQ9fwW0gdXkjsiv1nZ-v52lAChX">CleanVision MIGreenPower program</a>. Sauk Solar, and the other five parks under construction, are funded by customers who are voluntarily enrolled in MIGreenPower. These new solar parks represent significant advancement toward the company's goal of <a href="https://www.globenewswire.com/Tracker?data=Zup8WSxU0HOWCCHWIZu8l63yLS6wMkrnXC60ABPbBdKGGaTgU0NnMGxNUqjgyKMH21BNgdzvLicAJrazCy7RyifaYGG1qXykC-4ong0ztnlYq7cfxdqisvRKvVnp08Sf">achieving net zero carbon emissions</a> and reaching Michigan's new renewable energy standard of 60% by 2035.&nbsp;

DTE Energy Announces That Its Largest Solar Park, Sauk Solar, Located In Central Michigan's Branch County, Is Now Operational

Wells Fargo analyst Neil Kalton maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $133 to $145.

Wells Fargo Maintains Overweight on DTE Energy, Raises Price Target to $145

DTE Energy Reaffirms FY24 Operating EPS Of $6.54-$6.83 Vs. $6.70 Est.

DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) reported quarterly earnings of $2.22 per share which beat the analyst consensus estimate of $1.88 by 18.09 percent.

DTE Energy Q3 2024 Adj. EPS $2.22 Beats $1.88 Estimate

Press Releases

DTE Energy Board of Directors declares quarterly dividend

DTE Energy sets 2025 annual meeting date

DTE Energy brings comfort and home to Detroit families with  $63 million in Energy Efficiency Assistance programs

DTE Energy spends $3.3 billion with Michigan suppliers in 2024

DTE Energy announces electric reliability progress: Customers experienced a 70% improvement in time spent without power in 2024

DTE Energy schedules full year 2024 earnings release, conference call

DTE Energy names Casey Santos to board of directors

DTE Energy celebrates energy assistance expansion, thanks to "Coalition to Keep Michigan Warm"

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