DTE Energy Company (NYSE:DTE) is included among the 15 Utility Stocks with Highest Dividends.
DTE Energy Company (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide.
On March 26, BMO Capital reduced its price target on DTE Energy Company (NYSE:DTE) from $157 to $148, while maintaining a ‘Market Perform’ rating on the shares.
DTE Energy Company (NYSE:DTE) is currently trading at a full multiple point below its historical premium average. However, BMO Capital expects the stock to remain range-bound in the near-term as the market awaits continued progress on the utility’s full-year guidance and favorable regulatory developments, especially in the upcoming electric rate case.
Earlier this year, DTE Energy Company (NYSE:DTE) announced a $6.5 billion increase in its 5-year capital investment plan, which now stands at $36.5 billion. The uptick is driven by ‘investments for the first data center project and the continued need to modernize the utility’s assets’.
DTE Energy Company (NYSE:DTE) expects its operating EPS to be in the range of $7.59 to $7.73 per share for FY 2026, indicating a 6% to 8% growth over the midpoint of its 2025 guidance. The company also reaffirmed its long-term target to deliver EPS growth of 6% to 8% through 2030.
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