DTE Energy Raises Price Target to $144 Amid Analyst's 'Market Perform' Rating

BMO Capital analyst James Thalacker maintained a "Market Perform" rating for DTE Energy (DTE) and raised the price target from $140 to $144, a 2.86% increase. Analysts have provided varying updates, with a consensus recommendation of "Outperform" and an estimated GF Value of $113.21, suggesting a downside of 18.22% from the current price. The average target price is $143.19, with a high estimate of $158 and a low estimate of $124, implying an upside of 3.44%.

BMO Capital has raised its price target for DTE Energy (DTE) to $144, up from $140, while maintaining a "Market Perform" rating. The move follows a brief sell-off in DTE shares after staff testimony in the company's electric rate case [1].

DTE Energy, with a market capitalization of $28.75 billion, currently trades near its 52-week high of $142.05. The company has maintained dividend payments for 55 consecutive years. BMO Capital views the initial position in the rate case as "better than the implied headline and constructive in parts," noting staff support for extending the Infrastructure Recovery Mechanism (IRM) at increasing levels [1].

The price target adjustment reflects refreshed mark-to-market multiples in BMO’s sum-of-the-parts valuation model. DTE Energy reported its second-quarter 2025 earnings, with operating earnings of $283 million or $1.36 per share, missing analysts’ expectations of $1.48 per share. Mizuho raised its price target to $151.00 from $145.00, maintaining an "Outperform" rating, citing growth potential in the data center sector [1].

Analysts have provided varying updates, with a consensus recommendation of "Outperform" and an estimated GF Value of $113.21, suggesting a downside of 18.22% from the current price. The average target price is $143.19, with a high estimate of $158 and a low estimate of $124, implying an upside of 3.44% [2].

DTE Energy owns two regulated utilities in Michigan, contributing 90% of earnings. The company's revenue growth rate over the past 3M period was 18.92%, reflecting a substantial increase in top-line earnings. Its net margin is below industry averages, indicating potential challenges in maintaining strong profitability. DTE Energy's Return on Equity (ROE) of 1.93% and Return on Assets (ROA) of 0.46% signify robust financial management and efficient use of shareholder equity capital [3].

References:
[1] https://www.investing.com/news/analyst-ratings/dte-energy-stock-price-target-raised-to-144-from-140-at-bmo-capital-93CH-4209361
[2] https://www.benzinga.com/insights/analyst-ratings/25/08/47316248/forecasting-the-future-4-analyst-projections-for-dte-energy
[3] https://finance.yahoo.com/news/dte-energy-stock-wall-street-121610438.html