Analyst Ratings For DTE Energy

DTE Energy DTE has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated DTE Energy and provided 12-month price targets. The average target is $114.2, accompanied by a high estimate of $120.00 and a low estimate of $111.00. Observing a 1.51% increase, the current average has risen from the previous average price target of $112.50.

Diving into Analyst Ratings: An In-Depth Exploration

The standing of DTE Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to DTE Energy. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of DTE Energy compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for DTE Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of DTE Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on DTE Energy analyst ratings.

All You Need to Know 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.

Financial Insights: DTE Energy

Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.

Negative Revenue Trend: Examining DTE Energy's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -24.17% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 12.32%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.82%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): DTE Energy's ROA excels beyond industry benchmarks, reaching 0.94%. This signifies efficient management of assets and strong financial health.

Debt Management: DTE Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.9.

How Are Analyst Ratings Determined?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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