DTE Energy (NYSE:DTE) Issues FY 2024 Earnings Guidance

DTE Energy (NYSE:DTE) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.540-6.830 for the period, compared to the consensus estimate of 6.750. The company issued revenue guidance of -.

Analysts Set New Price Targets

DTE has been the subject of several research reports. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective for the company. BMO Capital Markets boosted their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Bank of America raised their target price on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Wells Fargo & Company upped their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group assumed coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Performance

Shares of DTE opened at $122.17 on Thursday. DTE Energy has a 1 year low of $102.07 and a 1 year high of $131.66. The stock has a market capitalization of $25.30 billion, a PE ratio of 16.55, a PEG ratio of 2.24 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The stock has a 50-day simple moving average of $124.70 and a 200-day simple moving average of $119.51.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.