Lauer Trevor F sold $679K of DTB

DTE Energy plans to build two new gas power plants, expand renewables, and upgrade its nuclear facility to meet rising demand and phase out coal. The $6.4B plan includes 15GW of renewables and 4.5GW of storage by 2035, aiming for 56% renewable energy. DTE will file the plan with regulators, with final approval by the Public Service Commission.

DTE Energy (DTE) shares fell after Morgan Stanley reduced its price target to $141 from $148, while maintaining an Overweight rating. The brokerage expects lower future upside, which may concern investors. DTE's steady profits and cash flow support investments in grid and data centers, but high debt and capital spending could limit financial flexibility and growth.

DTE Energy (DTE), a $27.1B energy company, has underperformed the Dow Jones Industrial Average (DOWI) with a 16.3% drop from its 52-week high. DTE stock is up 1.1% YTD, lagging DOWI's 8.4% gain. Q2 2026 adjusted EPS beat estimates at $1.32, but shares fell due to weaker utility performance. Analysts give DTE a 'Moderate Buy' rating with a mean price target of $155.20, a 19% premium to current levels.

DTE Energy (DTE) has 2.4 GW of signed data center deals and 5-6 GW in the pipeline, driving a $148.26 price target (13% upside). CEO Joi Harris confirmed Oracle's 1.4 GW and Google's 1 GW projects. DTE's $36.5B capital plan and 3.46% dividend yield support growth. Risks include regulatory scrutiny and equity issuance. Compared to CMS Energy (CMS) and WEC Energy (WEC), DTE's forward P/E of 16 is reasonable.

DTE Gas Co. plans to seek an additional rate increase, following a recent $74.52M approval by the Michigan Public Service Commission. The utility aims to modernize its natural gas system, with the new hike based on a 12-month period ending Sept. 30, 2028. Residential customers may see a 3.34% increase, while low-income credits rise to $58. The plan faces backlash from Michigan leaders, citing affordability concerns.

The Michigan Public Service Commission approved a $74.52 million rate increase for DTE Gas, less than half of the $162.7 million requested. The hike, effective immediately, will add $2.87 monthly for typical residential customers. The funds will support infrastructure upgrades and maintenance. The MPSC rejected $284.1 million for a compressor station project and $17.9 million in fleet costs. Low-income assistance credits were increased to $58, and outage credits to $44 daily.