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

DTE Energy (NYSE:DTE) issued an update on its FY 2024 earnings guidance on Thursday morning. 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

Several research analysts recently commented on DTE shares. Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. Morgan Stanley decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Scotiabank raised their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Barclays upped their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Up 0.5 %

Shares of NYSE DTE opened at $124.60 on Friday. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66. The firm’s 50-day simple moving average is $124.66 and its 200 day simple moving average is $119.67. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.68.

About DTE Energy

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.