DTE Energy Company with ticker code (DTE) have now 14 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 144 and 123 and has a mean target at $131.21. Given that the stocks previous close was at $108.40 and the analysts are correct then we can expect a percentage increase in value of 21.0%. It’s also worth noting that there is a 50 day moving average of $112.65 and the 200 day MA is $119.44. The company has a market cap of $21,900m. Find out more information at: https://newlook.dteenergy.com
The potential market cap would be $26,508m based on the market consensus.
DTE Energy Company engages in the utility operations. The company’s Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates approximately 697 distribution substations and approximately 451,900 line transformers. The company’s Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,352,000 service pipelines; and 1,316,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is based in Detroit, Michigan.
The company has a dividend yield of 3.51% with the ex dividend date set at 17-3-2023 (DMY).
Other points of data to note are a P/E ratio of 19.29, revenue per share of 98.61 and a 2.65% return on assets.
