Brokerage Firm Rating Update on DTE Energy Company (DTE)

DTE Energy Company (DTE) : The consensus on DTE Energy Company (DTE) based on 6 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

DTE Energy Company (DTE) : The highest level DTE Energy Company (DTE) is projected to reach is $108 for the short term and the lowest estimate is at $96. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $102.25 and the possibility the share price can swing is $5.32.


For the current week, the company shares have a recommendation consensus of Buy.

DTE Energy Company (NYSE:DTE): The stock opened at $94.05 and touched an intraday high of $94.64 on Wednesday. During the day, the stock corrected to an intraday low of $93.451, however, the bulls stepped in and pushed the price higher to close in the green at $94.54 with a gain of 0.40% for the day. The total traded volume for the day was 1,005,554. The stock had closed at $94.16 in the previous trading session.

DTE Energy Company (DTE) is an energy company. The Companys other businesses are involved in natural gas pipelines, gathering and storage, power and industrial projects, and energy marketing and trading operations. Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. Its utility operations consist primarily of DTE Electric and DTE Gas. The Electric segment consists of DTE Electric, which is engaged in the generation, purchase, distribution and sale of electricity to approximately 2.1 million customers in southeastern Michigan. The Gas segment consists of DTE Gas, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to approximately 1.2 million residential, commercial and industrial customers throughout Michigan and the sale of gas storage and transportation capacity. Its Corporate and Other segment includes various holding company activities.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.