Across the recent three months, 14 analysts have shared their insights on DTE Energy DTE, expressing a variety of opinions spanning 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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 10 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 4 | 0 | 0 | 0 |
| 2M Ago | 1 | 4 | 1 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $133.0, a high estimate of $140.00, and a low estimate of $121.00. Surpassing the previous average price target of $125.23, the current average has increased by 6.2%.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive DTE Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Thalacker | BMO Capital | Raises | Market Perform | $140.00 | $135.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $137.00 | $128.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $137.00 | $128.00 |
| Sophie Karp | Keybanc | Raises | Overweight | $136.00 | $130.00 |
| David Arcaro | Morgan Stanley | Raises | Overweight | $128.00 | $121.00 |
| Sophie Karp | Keybanc | Raises | Overweight | $130.00 | $126.00 |
| Anthony Crowdell | Mizuho | Raises | Outperform | $133.00 | $121.00 |
| James Thalacker | BMO Capital | Raises | Market Perform | $135.00 | $126.00 |
| Julien Dumoulin-Smith | B of A Securities | Raises | Buy | $136.00 | $131.00 |
| Stephen Byrd | Morgan Stanley | Raises | Overweight | $121.00 | $114.00 |
| Andrew Weisel | Scotiabank | Raises | Sector Outperform | $137.00 | $120.00 |
| Paul Fremont | Ladenburg Thalmann | Announces | Buy | $131.00 | - |
| Nicholas Campanella | Barclays | Raises | Overweight | $128.00 | $123.00 |
| Neil Kalton | Wells Fargo | Raises | Overweight | $133.00 | $125.00 |
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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DTE Energy compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of DTE Energy's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into DTE Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on DTE Energy analyst ratings.
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.
A Deep Dive into DTE Energy's Financials
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: DTE Energy's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 7.12%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: DTE Energy's net margin is impressive, surpassing industry averages. With a net margin of 11.2%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.89%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): DTE Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.69% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: DTE Energy's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.09, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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