Mizuho Maintains Buy Rating for DTE Energy: Here's What You Need To Know

Mizuho has decided to maintain its Buy rating of DTE Energy DTE and lower its price target from $120.00 to $119.00.

Shares of DTE Energy are trading up 0.87% over the last 24 hours, at $109.92 per share.

A move to $119.00 would account for a 8.26% increase from the current share price.

About DTE Energy

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.