JPMorgan Updates Models for North American Utilities Group, Including DTE Energy (DTE)

DTE Energy Company (NYSE:DTE) is one of the best Reddit stocks to invest in right now. On December 11, JPMorgan lowered the firm’s price target on DTE Energy to $145 from $151 and kept a Neutral rating on the shares. This sentiment was posted as the firm broadly updated models in its North American utilities group.

Earlier in its Q3 2025 earnings report, the company disclosed total operating earnings of $468 million, translating to an EPS of $2.25, which beat Street estimates by $0.14. The company’s total revenue totaled $3.53 billion in Q3, which was a 21.37% year-over-year increase and beat estimates by $295.19 million.

JPMorgan Updates Models for North American Utilities Group, Including DTE Energy (DTE)

DTE Electric was the standout performer, achieving $541 million in operating earnings, a substantial $104 million increase compared to Q3 2024. However, the DTE Gas segment reported an unfavorable operating earnings result of $38 million, which was $25 million lower than Q3 2024, mainly due to higher O&M and rate-based costs. Separately, DTE Vantage delivered $41 million in operating earnings, an $8 million increase from 2024, while Energy Trading contributed $23 million for the quarter.

The company also announced a major increase to its capital plan and strategic initiatives driven by significant deals in the data center market. DTE finalized an agreement with a leading hyperscaler to support 1.4 gigawatts of data center load, a key milestone in its growth strategy.

DTE Energy Company (NYSE:DTE) engages in energy-related businesses and services.

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Disclosure: None. This article is originally published at Insider Monkey.