DTE Energy (DTE) Stock Forecast & Price Target

DTE Energy is positioned favorably due to a robust capital expenditure (capex) plan, which has been increased by 22% to $36.5 billion for the period 2026-2030, driven by expansion into renewable energy and compliance with state regulations. With management forecasting earnings per share (EPS) growth of 6%-8%—expected to reach the high end by 2025-2027—DTE Energy anticipates outperforming peers in the sector. Additionally, the company benefits from approximately 1 GW of existing excess generation capacity, which ensures a swift response to new customer demands and provides upside potential to its capex strategy.

DTE Energy's management has adjusted its target for the funds from operations (FFO) to debt ratio to approximately 15%, which remains above downgrade thresholds but reflects a modest reduction from prior levels, indicating potential financial stress. The company's 2026 earnings per share (EPS) guidance appears weak, falling below previous and consensus estimates, which could signal challenges in achieving long-term growth targets amidst a competitive landscape. Furthermore, the state's lack of success in attracting data center customers could continue to negatively impact overall sentiment and demand for DTE's services, further complicating its financial outlook.