
DTE Energy (DTE) Stock Forecast & Price Target
DTE Energy (DTE) Analyst Ratings
Bulls say
DTE Energy is positioned for robust growth, with management projecting earnings per share (EPS) growth of 6%-8%, potentially reaching the higher end of this range by 2025-2027, bolstered by renewable natural gas (RNG) tax credits. The company also possesses approximately 1 GW of existing excess generation capacity, which allows for a timely response to increasing demand, while any incremental capacity needs could enhance its capital expenditure plans. These factors, alongside ongoing trends and opportunities in potential data center deals, contribute to a favorable long-term financial outlook for DTE Energy.
Bears say
DTE Energy's reliance on its two regulated utilities, which account for 90% of its earnings, raises concerns regarding diversification and vulnerability to regional economic shifts, particularly as Michigan has struggled to attract data center customers. Furthermore, the company's recent earnings per share (EPS) for 2023 fell short of the original guidance midpoint, contrasting with a historical pattern of exceeding such targets in prior years. This deviation in performance, coupled with a potentially weakening market sentiment in Michigan, contributes to a negative outlook on the company's stock.
This aggregate rating is based on analysts' research of DTE Energy and is not a guaranteed prediction by Public.com or investment advice.
DTE Energy (DTE) Analyst Forecast & Price Prediction
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