UPDATE: Deutsche Bank Raises PT on DTE Energy Following Good 1Q13 EPS

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on DTE Energy Co.

, and slightly raised the price target from $67.00 to $68.00. In the report, Poole noted, “DTE reported 1Q13 EPS well above expectations largely on better results at DTE Gas. After the strong start, we are raising our estimates on expectations for lower O&M. DTE is hosting an analyst meeting on Wednesday, where they will update their utility growth plans and discuss their 2013 outlook in more detail. We see the potential for DTE to raise guidance based on Q1 results and management commentary from the call. Reiterate Hold as sector valuations remain extended, in our view, and we believe DTE trades at too steep a premium to regulated utilities given its business mix.” DTE Energy Co. closed on Friday at $72.26.