Fintel reports that on October 16, 2023, BMO Capital maintained coverage of DTE Energy (NYSE:DTE) with a Market Perform recommendation.
Analyst Price Forecast Suggests 29.38% Upside
As of October 5, 2023, the average one-year price target for DTE Energy is 127.28. The forecasts range from a low of 116.15 to a high of $145.95. The average price target represents an increase of 29.38% from its latest reported closing price of 98.38.
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The projected annual revenue for DTE Energy is 15,397MM, a decrease of 4.90%. The projected annual non-GAAP EPS is 6.33.
What is the Fund Sentiment?
There are 1433 funds or institutions reporting positions in DTE Energy. This is a decrease of 19 owner(s) or 1.31% in the last quarter. Average portfolio weight of all funds dedicated to DTE is 0.24%, a decrease of 0.33%. Total shares owned by institutions increased in the last three months by 0.63% to 190,932K shares. 
The put/call ratio of DTE is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 17,435K shares representing 8.46% ownership of the company. In it's prior filing, the firm reported owning 15,766K shares, representing an increase of 9.57%. The firm increased its portfolio allocation in DTE by 4.29% over the last quarter.
AMECX - INCOME FUND OF AMERICA holds 6,298K shares representing 3.05% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,795K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 5,096K shares, representing an increase of 12.07%. The firm increased its portfolio allocation in DTE by 5.39% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 4,907K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 4,521K shares, representing an increase of 7.87%. The firm decreased its portfolio allocation in DTE by 1.26% over the last quarter.
Ameriprise Financial holds 4,406K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 2,976K shares, representing an increase of 32.46%. The firm increased its portfolio allocation in DTE by 42.38% over the last quarter.
DTE Energy Background Information
(This description is provided by the company.)
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress.
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