DTE Energy (DTE) Stock Forecast & Price Target

DTE Energy's positive outlook is underpinned by a significant 22% increase in its five-year capital expenditure (capex) plan, which now stands at $36.5 billion through 2030. The company is poised for robust earnings per share (EPS) growth, with management guiding a target of 6-8%, driven by renewable natural gas tax credits that could position it ahead of industry peers. Additionally, DTE's availability of approximately 1GW of excess generation capacity provides a strategic advantage in meeting increasing customer demand, further enhancing growth potential.

DTE Energy's financial outlook shows significant concerns, as management has reduced the target for the funds from operations (FFO) to debt ratio to approximately 15%, albeit still above downgrade thresholds, indicating potential financial strain. Furthermore, the company's earnings growth projections have fallen short of both prior estimates and consensus expectations, with revised 2026 earnings per share guidance highlighting a soft outlook that undermines confidence in future performance. Additionally, DTE Energy faces challenges in expanding its customer base, particularly in the data center sector, which may contribute to a negative sentiment toward the company's stock.