James Thalacker, an analyst from BMO Capital, maintained the Hold rating on DTE Energy (DTE – Research Report). The associated price target was raised to $142.00.
James Thalacker has given his Hold rating due to a combination of factors that suggest a stable yet cautious outlook for DTE Energy. The company is expected to have a relatively quiet quarter with a focus on its electric rate case and the implications of tariff exposure across its subsidiaries. This includes potential impacts from the phase-out or repeal of the IRA and its effects on customer rates and growth, as well as updates on DC demand and related investment opportunities.
Despite the company’s shares trading below their historical premium average, Thalacker anticipates that the stock will remain within a narrow trading range in the near term. This expectation is based on the need for continued execution against DTE’s full-year guidance and successful regulatory outcomes in its upcoming electric and gas rate cases. The Hold rating reflects a balanced view of potential growth drivers and offsetting operational expenses, as well as broader economic factors such as industrial activity and trade tariffs.
In another report released on April 17, J.P. Morgan also maintained a Hold rating on the stock with a $142.00 price target.