Wells Fargo Lifts DTE Energy (DTE) Price Target by $5. Here is Why

DTE Energy Company (NYSE:DTE) is included among the 13 Best Electrical Infrastructure Stocks to Buy in 2026.

Wells Fargo Lifts DTE Energy (DTE) Price Target by $5. Here is Why

DTE Energy Company (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide.

On June 15, Wells Fargo lifted its price target on DTE Energy Company (NYSE:DTE) from $160 to $165, while maintaining an ‘Overweight’ rating on the shares. The target boost implies an upside of almost 12% from the current price level.

The move comes after Wells Fargo hosted DTE Energy CEO, Joi Harris, for a well-attended no-deal roadshow in New York City. The energy company continues its efforts to score another large-load deal by year-end. However, it emphasized that its pipeline includes projects of varying sizes, so investors should not over-read if the company’s first announcement is a deal of a smaller size.

The analyst firm noted that DTE is targeting an additional 2 GW of data center load beyond its recent deals with Oracle and Google. Wells highlighted that Google’s load is expected to come online in Q3, while the future deals could follow once they’re approved by Michigan Public Service Commission, which could trigger an upside of over 8% for the stock.

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