DTE Energy's Price Target Lowered by Barclays to $136.00 Amidst Ongoing Equal-Weight Rating

Barclays analyst Nicholas Campanella has lowered the price target for DTE Energy (DTE) to $136.00, a 0.73% decrease from the previous target of $137.00, while maintaining the "Equal-Weight" rating. The average target price for DTE Energy is $141.89, with an upside of 6.59% from the current price of $133.12. The estimated GF Value for DTE Energy in one year is $102.75, suggesting a downside of 22.81% from the current price.

Title: Barclays Adjusts Price Target for DTE Energy

Barclays analyst Nicholas Campanella has revised the price target for DTE Energy (DTE) to $136.00, a 0.73% decrease from the previous target of $137.00. The "Equal-Weight" rating remains unchanged. This adjustment comes ahead of the company's second-quarter earnings report.

The average target price for DTE Energy, as per 14 analysts, is $141.89, indicating an upside of 6.59% from the current price of $133.12. The estimated GF Value for DTE Energy in one year is $102.75, suggesting a downside of 22.81% from the current price [2].

DTE Energy reported strong first-quarter earnings, with operating earnings of $436 million, translating to $2.10 per share. The company's electric, gas, and Vantage segments saw earnings of $147 million, $206 million, and $39 million respectively, with a 2025 operating EPS guidance of $7.09 to $7.23 per share. Additionally, the company has a capital investment plan of $30 billion over the next five years and an annual dividend of $4.36 per share for 2025 [2].

Analysts have noted DTE Energy's strong balance sheet and investment-grade credit ratings, as well as its commitment to reducing power outages and investing in renewable energy. The company has been recognized by the Gallup Organization for its great workplace award for the 13th consecutive year, highlighting high employee engagement [2].

However, the company faces potential tariff exposure and margin exposure from the auto sector, which could be impacted by economic downturns or changes in tariffs. Additionally, there is uncertainty regarding the impact of potential changes to the Inflation Reduction Act (IRA) on tax credit transferability, which could affect financing strategies [2].

References:
1. https://www.nasdaq.com/articles/new-analyst-forecast-dte-given-1360-price-target
2. https://www.gurufocus.com/news/2969142/dte-energy-dte-price-target-adjusted-by-barclays-ahead-of-q2-earnings-dte-stock-news