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

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

DTE Energy Stock Up 0.4 %

Shares of DTE Energy stock opened at $122.17 on Thursday. 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 one year low of $102.07 and a one year high of $131.66. The company has a market cap of $25.30 billion, a P/E ratio of 16.55, a PEG ratio of 2.24 and a beta of 0.68. The firm has a fifty day moving average of $124.70 and a two-hundred day moving average of $119.51.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DTE. Wells Fargo & Company increased their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a "buy" rating and a $131.00 price target on the stock. 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. Mizuho raised their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Finally, Bank of America raised their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

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