BMO Capital, through analyst James Thalacker, has adjusted its price target for DTE Energy (DTE, Financial), raising it from $135 to $142. The firm maintains a Market Perform rating on the stock as it anticipates the company's first-quarter results.
The upcoming financial update is expected to be relatively uneventful, with attention centered on significant issues such as DTE Energy's electric rate case and its tariff exposure affecting various subsidiaries. Additionally, the potential phase-out or repeal of the Inflation Reduction Act (IRA) poses a risk to customer rates and growth, which could have further implications for the company.
Investors are also looking forward to any new insights regarding demand in Washington, D.C., and investment opportunities related to this area. These key areas of focus could provide guidance on the company's strategic direction and financial health moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for DTE Energy Co (DTE, Financial) is $139.03 with a high estimate of $148.00 and a low estimate of $124.00. The average target implies an upside of 4.75% from the current price of $132.73. More detailed estimate data can be found on the DTE Energy Co (DTE) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, DTE Energy Co's (DTE, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DTE Energy Co (DTE, Financial) in one year is $101.32, suggesting a downside of 23.66% from the current price of $132.725. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DTE Energy Co (DTE) Summary page.
