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

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

DTE Energy Trading Up 0.4 %

NYSE:DTE opened at $122.17 on Thursday. The company has a market capitalization of $25.30 billion, a P/E ratio of 16.55, a PEG ratio of 2.24 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a 12 month low of $102.07 and a 12 month high of $131.66. The firm has a fifty day simple moving average of $124.70 and a 200-day simple moving average of $119.51.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DTE. Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. Bank of America upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. KeyCorp upped their target price on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Finally, Morgan Stanley boosted their price target on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Six research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $131.46.

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.