Is DTE Energy Company (DTE) a High Growth Utility Stock to Buy on Data Center’s Opportunities?
Key takeaways
- Is DTE Energy Company (DTE) a High Growth Utility Stock to Buy on Data Center’s Opportunities?
- The research firm insists the stock is a buy given the data center deals the company has signed, and its rate case stays out proposal, which reduces risk around the stock.
- DTE Energy’s pipeline is also poised to receive a significant boost from 2 gigawatts in late-stage negotiations.
Is DTE Energy Company (DTE) a High Growth Utility Stock to Buy on Data Center’s Opportunities? Neha Gupta Sun, May 10, 2026 at 4:27 AM GMT+7 2 min read DTE DTE Energy Company (NYSE:DTE) is one of the high growth utility stocks to buy according to analysts. On May 5, analysts at Jefferies reiterated a Buy rating on DTE Energy Co (NYSE:DTE) but cut the price target to $168 from $170.
The research firm insists the stock is a buy given the data center deals the company has signed, and its rate case stays out proposal, which reduces risk around the stock. The data center deals the company has signed support a compound annual growth rate of 8% or higher, which supports the long-term outlook.
DTE Energy’s pipeline is also poised to receive a significant boost from 2 gigawatts in late-stage negotiations. In addition, the company is staring at long-term expansion opportunities with existing customers. Given the robust pipeline, analysts at Jefferies believe the stock is trading at a 4% discount to the average peer price-to-earnings ratio.