DTE Energy (DTE) PT Raised to $165 at Mizuho

Mizuho analyst Anthony Crowdell raised the price target on DTE Energy (NYSE: DTE) to $165.00 (from $155.00) while maintaining a Outperform rating.

The analyst comments "DTE reported Q1 adjusted EPS of $1.95, missing consensus of $2.03 on expected timing in the Energy Trading segment that should reverse later in the year. Setting that aside, the underlying story is compelling, management reaffirmed guidance, solidified confidence in 8%+ EPS growth from 2027-2030 as hyperscaler contracts firm up, and proposed a mechanism to pause electric rate case filings until at least 2028 once Oracle ramps. With a September 10 target date for the Google commission order and a Q3 IRP filing set to firm up another ~2 GW of late-stage negotiations, positive catalysts are stacking up. We continue to believe the Michigan-regulatory environment is not deteriorating as staff has supported IRM expansion, the commission has welcomed the Google contract, and DTE's track record gives us confidence the current rate case will be no different. We remain Outperform-rated and raise our PT to $165 based on current market multiples."

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