Morgan Stanley Raises PT on DTE Energy (DTE) Stock

DTE Energy Company (NYSE:DTE) is one of the Best Reddit Stocks to Invest in Now. On August 21, Morgan Stanley analyst David Arcaro lifted the price target on the company’s stock to $140 from $138, while keeping an “Overweight” rating, as reported by The Fly. The firm is updating price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, highlighting that the utilities outperformed the S&P in July. Notably, the firm sees long-term advantages of nuclear that it believes are underappreciated in the present market scenarios.

Morgan Stanley Raises PT on DTE Energy (DTE) Stock

DTE Energy Company (NYSE:DTE) invested over $1.8 billion into its utilities during H1 2025 and remains on pace to invest $4.4 billion this year, focused on improving the safety and reliability of its electric and natural gas infrastructure as well as the transformation of its generation fleet. Since 2023, DTE Energy Company (NYSE:DTE) saw a 75% improvement in the duration of outages because of the continued investment in the grid, process improvements, and less severe weather.

Notably, continued progress in 2025 provides the company with confidence to achieve its goal of reducing outages by 30% and the time customers spend without power by 50% by 2029.

While we acknowledge the potential of DTE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DTE and that has 100x upside potential, check out our report about this cheapest AI stock.

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