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Investing.com - Jefferies lowered its price target on DTE Energy (NYSE:DTE) to $149.00 from $150.00 on Monday, while maintaining a Hold rating on the utility company’s stock. DTE currently trades at $135.54, with analyst targets ranging from $125 to $158, suggesting potential upside according to InvestingPro data.
The price target adjustment follows DTE’s extension of its 6-8% earnings per share (EPS) compound annual growth rate (CAGR) through 2030, with the company indicating it expects to achieve the high end of this range each year. DTE currently reports basic EPS of $6.68 with a P/E ratio of 20.32, which InvestingPro identifies as high relative to near-term earnings growth.
According to Jefferies, DTE’s outlook implies $10.13 EPS in 2030 and a 7.2% CAGR from its 2026 mid-point EPS, which falls below the consensus expectation of an 8.1% CAGR. Despite this, InvestingPro notes that 4 analysts have revised their earnings upwards for the upcoming period. Want deeper insights? Pro Research Reports provide comprehensive analysis on DTE and 1,400+ other stocks.
The research firm noted this was disappointing despite DTE’s significant five-year capital spending plan of $36.5 billion for 2026-30, which represents a 22% increase from its previous plan, along with a 1.4 gigawatt data center deal that has been signed.
Jefferies identified potential upside opportunities from additional capital expenditures and growth from 3 gigawatts of data centers currently in late-stage negotiations.
In other recent news, DTE Energy reported its third-quarter 2025 earnings, which exceeded expectations. The company posted earnings per share of $2.25, surpassing the consensus estimate of $2.11. Revenue for the quarter was in line with market predictions at $3.27 billion. Additionally, DTE Energy announced a significant agreement to supply power and storage for a future Oracle data center in southeast Michigan. Under this agreement, DTE Electric, a subsidiary of DTE Energy, will provide approximately 1.4 gigawatts of electric service, with full delivery expected by December 2027. The contract extends through February 2045 and includes options for extension. Meanwhile, Scotiabank adjusted its price target for DTE Energy to $146, maintaining a Sector Perform rating. These developments highlight DTE Energy’s strong financial performance and strategic initiatives.
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