BMO Capital Remains a Hold on DTE Energy

By Carrie Williams

In a report issued on July 26, Michael Worms from BMO Capital reiterated a Hold rating on DTE Energy (NYSE: DTE), with a price target of $111. The company’s shares closed yesterday at $106.72.

According to, Worms is a 5-star analyst with an average return of 13.7% and a 92.7% success rate. Worms covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $116.

DTE Energy’s market cap is currently $19.14B and has a P/E ratio of 18.31. The company has a book value ratio of 2.1066.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.

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DTE Energy Co. is a diversified energy company, which is primarily engaged in the business of providing electricity and natural gas sales, distribution and storage services throughout Michigan through its subsidiaries. It operates through the following segments: DTE Electric, DTE Gas and Other.