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 0.5 %

NYSE:DTE opened at $124.60 on Friday. The company has a market capitalization of $25.80 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.29 and a beta of 0.68. The stock’s 50 day moving average price is $124.66 and its 200 day moving average price is $119.67. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DTE shares. Wells Fargo & Company raised their price target 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. Mizuho raised their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. 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 price target for the company. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, KeyCorp boosted their target price on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.