Barclays Maintains Overweight Rating for DTE Energy: Here's What You Need To Know

Barclays has decided to maintain its Overweight rating of DTE Energy DTE and lower its price target from $113.00 to $112.00.

Shares of DTE Energy are trading down 1.19% over the last 24 hours, at $105.11 per share.

A move to $112.00 would account for a 6.56% 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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This article was generated by Benzinga's automated content engine and reviewed by an editor.