Truist Securities Cuts DTE Energy (DTE) Price Target to $150

Truist Securities reiterates its Buy rating for DTE Energy with a target price adjustment to $150, a 15.77% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:17 PM EDT

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Truist Securities cut its price target on DTE Energy Company ($DTE) to $150 from $160 on October 16, 2026, and rates the stock "Buy".

DTE DTE Energy Company

$129.73 +2.02% year to date

Daily close · Oct 16, 2026

Key Points

Truist Securities has reiterated its Buy rating on DTE Energy, reducing the target price from $160 to $150.
Truist Securities's $150 price target implies 15.77% upside from DTE Energy Company's ($DTE) current $129.57 share price.
DTE Energy shares are currently priced at $129.57, trading below the adjusted target and near their 52-week low of $125.76.
Analysts have mixed opinions on DTE Energy, with a consensus target of $156.36 based on 14 analyst opinions.

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Truist Securities has reiterated its Buy rating on DTE Energy Company (NYSE: DTE), adjusting the price target to $150 from the previous $160. This change comes amid a trading price of $129.57 for DTE shares, reflecting the company’s performance and market conditions as of October 16, 2026.

Analyst rating track record

Truist Securities vs. the S&P 500

YTD return -0.88% hypothetical

All-time return -0.88% S&P 500 +0.67%

vs. S&P 500 -1.55% behind the index

Hypothetical returns from Truist Securities's disclosed trades, not real profit or advice. How we model this.

Truist Securities' Call on DTE Energy

Truist Securities maintains a Buy rating on DTE Energy, reducing the price target to $150. This suggests that analysts still view the company positively, despite the adjustment from the higher target. The stock's current price is positioned below this new target, indicating potential upside for investors.

Other Institutional Activity in DTE Energy

Several institutional investors have also been adjusting their positions in DTE Energy. Blackrock Inc. grew its holdings by 3,265,820 shares, bringing its total to approximately 25.7 million shares worth about $3.33 billion. Vanguard Capital Management LLC added 79,924 shares, ending with about 12.6 million shares valued at around $1.63 billion. However, Capital Research Global Investors trimmed its stake, selling 1,715,351 shares, resulting in about 12.5 million shares valued at $1.62 billion.

DTE Energy Company Stock Up 1.7%

As of October 16, 2026, DTE Energy shares are trading at $129.57. This price is close to the company's 52-week low of $125.76 and significantly lower than its 52-week high of $155.75. The stock is currently trading below its 50-day and 200-day moving averages of approximately $139.43 and $141.31, respectively, suggesting it may be in a downtrend.

12-month forecast

$DTE price target

DTE Energy Company daily closes and this analyst's $150 target. Not advice.

Recent Earnings

In its most recent earnings report, DTE Energy generated revenue of approximately $16.47 billion, reflecting a slight decrease compared to the previous year. The company reported earnings per share (EPS) of $6.32. The next earnings report is scheduled for October 29, 2026, which could provide further insights into the company’s financial health and performance.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

D- 34/100

Reported Apr 30, 2026

Forward outlook
2 target cuts vs 1 raises.
EPS & revenue
EPS missed estimates by 3.9%. Revenue beat estimates by 18.1%.
Profit surprise
EBITDA missed by 5 percent. Operating income missed by 25 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
1 target raise, 2 target cuts.
Earnings quality
Gross margin up 7.3 points. Operating margin down 6.0 points. Positive free cash flow.

Earnings Call Summary

DTE Energy had a strong first quarter with operating earnings of $1.95 per share, beating expectations on revenue by $789 million, though slightly missing on EPS. The company highlighted impressive storm response and reliability improvements over past three years, restoring 99 percent of customers within 48 hours during a severe March storm with 70 mile per hour winds. Management emphasized that Oracle data center is under construction with load ramping beginning by year-end 2026, and Google contract filed with regulators expecting approval by September, with potential to drive roughly $5 billion in additional capital investment through 2032.

Guidance DTE reaffirmed its 6 to 8 percent operating earnings per share growth for 2026, with confidence in reaching the high end through RNG tax credits. The company expects to achieve this growth through customer-focused utility investments and data center load growth. Google data center contract awaits Michigan PSC approval by September, which could provide upside beyond current guidance. The company aims to potentially pause electric rate case filings after current case if Oracle ramps on schedule and regulatory mechanisms are approved.

Very weak report. The release materially worsened the forward outlook.

Insider Buying and Selling at DTE Energy Company

Recent insider transactions include several sales by company officers. Trevor Lauer sold 5,000 shares on September 1, 2026, at an average price of $135.71, totaling about $678,560. Lisa Muschong sold 1,600 shares on August 14, 2025, at an average price of $140.53, with a total value of approximately $224,849. These transactions reflect ongoing activity among insiders but do not necessarily indicate a negative outlook for the company.

Analysts Set New Price Targets

On October 16, 2026, BMO Capital maintained a Market Perform rating for DTE Energy with a target price of $139.00, up from $134.00. The overall consensus among analysts includes 14 opinions, with a mean target price of $156.36, suggesting that some analysts remain optimistic about the stock's potential.

About DTE Energy

DTE Energy Company, based in Detroit, Michigan, provides energy-related services through various segments, including Electric and Gas. The company serves approximately 2.3 million customers in southeastern Michigan. Its services include generating, purchasing, distributing, and selling electricity. This reiteration from Truist Securities highlights ongoing confidence in the company despite recent stock price challenges.

Bottom Line

DTE Energy's stock is currently trading below its adjusted target price, leading to potential interest from investors. The next earnings date on October 29, 2026, could provide further insights into the company's performance. Note that the data from Truist's rating reflects past positions and may not represent the current market sentiment.