DTE Energy (DTE) Stock Forecast & Price Target

$125.86 -0.22 (-0.17%)

(As of 11/29/2024 ET)

DTE Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
5

Buy
9

Based on 14 Wall Street analysts who have issued ratings for DTE Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 5 have given a hold rating, and 9 have given a buy rating for DTE.

Consensus Price Target

$131.46
4.45% Upside

According to the 14 analysts' twelve-month price targets for DTE Energy, the average price target is $131.46. The highest price target for DTE is $145.00, while the lowest price target for DTE is $111.00. The average price target represents a forecasted upside of 4.45% from the current price of $125.86.

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DTE Analyst Ratings Over Time

Type	Current Forecast 12/1/23 to 11/30/24	1 Month Ago 11/1/23 to 10/31/24	3 Months Ago 9/2/23 to 9/1/24	1 Year Ago 12/1/22 to 12/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$131.46	$131.46	$123.92	$116.33
Forecasted Upside	4.45% Upside	5.84% Upside	-0.88% Downside	7.54% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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DTE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DTE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

DTE Energy Stock vs. The Competition

Type	DTE Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.64	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	4.45% Upside	20.00% Upside	6.50% Upside
News Sentiment Rating	Positive News See Recent DTE News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$131.00 ➝ $128.00	+2.52%
10/25/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$133.00 ➝ $145.00	+11.76%
10/22/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$136.00 ➝ $138.00	+7.64%
10/21/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$137.00	+6.28%
10/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	James Thalacker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$135.00 ➝ $140.00	+9.22%
10/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$128.00 ➝ $137.00	+9.46%
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9/10/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$121.00 ➝ $133.00	+6.25%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$131.00 ➝ $136.00	+9.62%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$120.00 ➝ $137.00	+11.12%
8/14/2024	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Fremont Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$131.00	+8.00%
3/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$118.00 ➝ $120.00	+9.86%
1/22/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$111.00	+6.20%
1/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
12/4/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$108.00 ➝ $116.00	+6.44%
6/29/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/29/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$129.00 ➝ $124.00	+13.38%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jakob Bluestone Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		€25.00
2/23/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Andrew Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		€25.00
2/23/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Robert Grindle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		€29.50
2/14/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Usman Ghazi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		€28.00
2/1/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Stan Noel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		€25.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:49 AM ET.

Should I Buy DTE Energy Stock? DTE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these DTE Energy pros and cons to contact@marketbeat.com.

DTE Energy
Bull Case

Here are some ways that investors could benefit from investing in DTE Energy:

DTE Energy has received multiple "buy" ratings from analysts, indicating strong confidence in its future performance. Recent reports from firms like Wells Fargo and KeyCorp have set target prices above the current trading price, suggesting potential for growth.
The stock is currently trading at $121.29, which is below the average target price of $131.46 set by analysts. This could present a buying opportunity for investors looking for undervalued stocks.
Institutional ownership is high at 76.06%, which often indicates confidence from large investors in the company's stability and growth potential.
DTE Energy has shown resilience in its stock performance, with a 12-month high of $131.66, suggesting it has the potential to recover and grow further.
Recent increases in stock positions by major investors, such as Mizuho Securities USA LLC, which raised its holdings significantly, reflect positive sentiment and potential for future appreciation.

DTE Energy
Bear Case

Investors should be bearish about investing in DTE Energy for these reasons:

The stock has recently experienced a decline of 2.4%, which may indicate short-term volatility and uncertainty in the market.
Despite positive analyst ratings, one analyst has issued a "sell" rating, suggesting that not all market participants are confident in the stock's performance.
DTE Energy's debt-to-equity ratio stands at 1.76, which is relatively high. This indicates that the company is using a significant amount of debt to finance its operations, which could pose risks if market conditions change.
Recent trading volumes have fluctuated, with a notable drop in shares exchanged compared to average volumes, which may suggest reduced investor interest or confidence.
The company has a quick ratio of 0.62, indicating that it may struggle to meet short-term liabilities with its most liquid assets, which could be a concern for potential investors.

DTE Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for DTE Energy is $131.46, with a high forecast of $145.00 and a low forecast of $111.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DTE shares.
: According to analysts, DTE Energy's stock has a predicted upside of 4.45% based on their 12-month stock forecasts.
: DTE Energy has been rated by research analysts at Barclays, BMO Capital Markets, Jefferies Financial Group, KeyCorp, Mizuho, Morgan Stanley, and Wells Fargo & Company in the past 90 days.
: Analysts like DTE Energy more than other "utilities" companies. The consensus rating for DTE Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how DTE compares to other companies.

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This page (NYSE:DTE) was last updated on 11/30/2024 by MarketBeat.com Staff

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DTE Energy (DTE) Stock Forecast & Price Target