Dernières nouvelles pour DTE Energy (NYSE:DTE) Stock

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.

DTE Energy Co

DAVIDsTEA Inc

ALPS ETF Trust ALPS Disruptive Technologies ETF

DEUTSCHE TELEKOM AG REG by Deutsche Telekom AG

Deutsche Telekom AG

DEUTSCHE TELEKOM N ORD

DEUTSCHE TELEKOM AG S/ADR by Deutsche Telekom AG

DITEM EXPLS INC by Ditem Explorations Inc.

Ditem Explorations Inc

DECOIN

DATA EVOLUTION HLDGS INC by Data Evolution Holdings, Inc.

Data Evolution Holdings Inc

<p>Utility companies&mdash;those that provide electricity, water, natural gas, and other essential services for residential and commercial customers&mdash;have had a banner year. The benchmark <strong>Utilities Select Sector SPDR Fund</strong> (ARCA: XLU) has climbed by about 31% in the last year, with the bulk of those gains having occurred in the last six months.</p>
<p>Many investors have flocked to utility stocks in recent months in anticipation of the Federal Reserve&#39;s first rate cut in several years, which was confirmed at the Federal Open Market Committee meeting in September. With inflation dropping and a cooling jobs market, cautious investors unsure of the impact of the rate cut seek out utility stocks for their defensive capabilities.</p>
<p>Because of their essential nature, utility stocks tend to remain steady even in times of market turmoil. Many also have a strong history of paying out dividends. However, the rapid rise of the AI industry has prompted a surge in electricity demand, with Goldman Sachs estimating data center power demand will grow by 160% through 2030. This marks a major boon for many utility firms as well.</p>
<h2><strong>DTE: Strong Financial Position, Infrastructure Investment</strong></h2>
<p><strong>DTE Energy Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>) provides electricity and gas service to customers in Michigan and conducts an energy trading business. Despite its limited geographical range, DTE&#39;s target area is fast-growing, and demand for power is increasing alongside rapid population and economic growth.</p>
<p>DTE maintains a solid financial position, with operating EPS climbing by 44.4% year-over-year in the most recent quarter, driven by its electricity business. Analysts expect earnings growth to continue, and the company also offers an impressive 15-year history of dividend increases and a solid dividend yield of 3.23%.</p>
<p>This firm is also expanding strategically in terms of its preexisting electricity and gas infrastructure&mdash;it has already invested $2 billion in this area this year, with at least another $2 billion to come by the end of the year&mdash;and in a burgeoning solar operation. The company broke ground in September on a solar farm that is expected to generate power for 40,000 homes.</p>
<h2><strong>PCG: Well-Positioned for Data Center Demand Increase</strong></h2>
<p><strong>PG&amp;E Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pcg#NYSE">PCG</a>) serves the northern and central regions of California, traditionally a hotspot for tech firms and data center demand. Indeed, in a June investor update, the company noted that data center capacity totaling 3.5GW&mdash;enough to power about three million homes&mdash;is due to come online by 2030.</p>
<p>Between 2023 and 2040, PG&amp;E expects its overall load to grow by 2-4%, with about half of that coming from data center usage.</p>
<p>Coupled with the anticipated increase in demand is PG&amp;E&#39;s relative undervaluing compared with other utility companies. The firm has a forward P/E ratio of 14.6, and analysts have noted an average price target of $21.55, which is almost 9% higher than the current share price.</p>
<p>Together, this makes PG&amp;E both a strong defensive play in case of market upheaval as well as a strategic bet on the growth of AI and cloud computing needs.</p>
<h2><strong>VST: Deserving of the Hype?</strong></h2>
<p><strong>Vistra Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vst#NYSE">VST</a>) has drawn attention this year as the top-performing stock in the S&amp;P 500, beating out even the likes of chip manufacturing super-stock NVIDIA Corp. with 1-year returns of nearly 250%. Despite this massive rally, many analysts still rate Vistra as a &quot;Buy,&quot; seeing room for additional growth based on the strength of data center demand and the company&#39;s acquisition history.</p>
<p>Vistra serves electricity and natural gas customers across the U.S. It is positioned to benefit from growing electricity demand among data center operators through its growing nuclear business.</p>
<p>Vistra recently completed the acquisition of its remaining 15% non-controlling interest in Vistra Vision, its nuclear generation, energy storage, and renewables subsidiary.</p>
<p>With firms like <strong>Constellation Energy Corp.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>) planning to focus on nuclear energy to meet data center demand, Vistra&#39;s acquisition sets it up to thrive in this space.</p>
<h2><strong>Buy-and-Hold Opportunity</strong></h2>
<p>Utility stocks like those above represent a buy-and-hold opportunity for investors looking to capitalize on dividends for passive income. Entering positions in utility stocks now may also provide investors access to firms on the cusp of major growth thanks to a wave of new demand requests for electricity to power a fast-growing AI industry.</p>
<p>The article &quot;<a href="https://www.marketbeat.com/stock-ideas/ai-boom-and-rate-cuts-boost-utility-stocks-best-growth-picks/">AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks</a>&quot; first appeared on MarketBeat.</p>


Earnings

Large Cap

News

Dividends

Price Target

Markets

Analyst Ratings

Trading Ideas

AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks

<p>Keybanc  analyst Sophie Karp   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $130 to $136.</p>


Keybanc Maintains Overweight on DTE Energy, Raises Price Target to $136

<p>11 analysts have expressed a variety of opinions on DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for DTE Energy, presenting an average target of $130.45, a high estimate of $137.00, and a low estimate of $121.00. This upward trend is evident, with the current average reflecting a 6.32% increase from the previous average price target of $122.70.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727280050_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>The analysis of recent analyst actions sheds light on the perception of DTE Energy by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$128.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Sophie Karp</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$130.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Anthony Crowdell</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$133.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$135.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$136.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$121.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$137.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Paul Fremont</td>
<td>Ladenburg Thalmann</td>
<td>Announces</td>
<td>Buy</td>
<td>$131.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$128.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Neil Kalton</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$133.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$123.00</td>
<td>$120.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DTE Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of DTE Energy compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of DTE Energy's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>To gain a panoramic view of DTE Energy's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/DTE/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on DTE Energy analyst ratings.</strong></a></p>
<h2>About DTE Energy</h2>
<p>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.</p>
<h3>DTE Energy's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.</p>
<p><strong>Revenue Growth:</strong> DTE Energy's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>7.12%</strong>. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> DTE Energy's net margin excels beyond industry benchmarks, reaching <strong>11.2%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>2.89%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> DTE Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>0.69%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> DTE Energy's debt-to-equity ratio surpasses industry norms, standing at <strong>2.09</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>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.</p>
<p>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.</p>
<p>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.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings For DTE Energy

<p>Morgan Stanley  analyst David Arcaro   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $121 to $128.</p>


Morgan Stanley Maintains Overweight on DTE Energy, Raises Price Target to $128

<p><strong>Pampa Energia S.A.&#39;s</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) strategic investments continue to maintain asset quality and help expand its generation portfolio. The company benefits from its efforts to expand its operations in the generation, transmission and distribution of electricity in Argentina. Given its strong growth, PAM makes for a solid investment option in the utility sector.</p>
<p>Let&#39;s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment option at the moment.</p>
<h2>PAM&#39;s Growth Projections &amp; Surprise History</h2>
<p>The Zacks Consensus Estimate for Pampa Energia&#39;s 2024 earnings per share has moved up 20.6% to $9.54 in the past 60 days.</p>
<p>The Zacks Consensus Estimate for 2024 sales is pinned at $1.88 billion, indicating year-over-year growth of 8.5%.</p>
<p>The company delivered an average earnings surprise of 62% in the past four quarters.</p>
<h2>PAM&#39;s Return on Equity (ROE)</h2>
<p>ROE indicates how efficiently a company has been utilizing its funds to generate higher returns. Currently, Pampa Energia&#39;s ROE is 12.59%, higher than the industry&#39;s average of 10.34%. This indicates that the company has been utilizing its shareholders&#39; funds more constructively (to generate income) than its peers in the electric power utility industry.</p>
<h2>PAM&#39;s Debt Position</h2>
<p>Currently, PAM&#39;s total debt to capital is 34.73%, better than the industry&#39;s average of 60.86%.</p>
<p>The time-to-interest earned ratio at the end of the second quarter of 2024 was 2.8. The ratio, being greater than one, reflects the company&#39;s ability to meet future interest obligations without difficulties.</p>
<h2>PAM&#39;s Liquidity</h2>
<p>Its current ratio of 2.33 is better than the industry&#39;s average of 0.85. A current ratio greater than one indicates that the company has enough short-term assets to liquidate for covering all short-term liabilities, if necessary.</p>
<h2>PAM&#39;s Focus on Clean Power Generation</h2>
<p>Since 2018, Pampa Energia has been actively developing wind energy, establishing itself as one of Argentina&#39;s leading renewable energy companies. It continues to add more renewable power through inorganic growth and development of MAT ER projects. During the second quarter of 2024, the company&#39;s net power generation was 5,067 gigawatt-hour, including hydro, wind and thermal.</p>
<p>Its PEPE VI project is expected to add 140 megawatts&nbsp;of wind power. The total completion is expected by October 2024. PAM&#39;s investment of more than $250 million should bring its total installed wind power capacity to 427 MW, positioning it as one of the country&#39;s leading renewable power producers.</p>
<h2>PAM&#39;s Stock Price Performance</h2>
<p>In the past three months, Pampa Energia&#39;s shares have risen 31% compared with the industry&#39;s 12% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1a/77836.jpg?v=330926510" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Other Stocks to Consider</h2>
<p>A few other top-ranked stocks from the same industry are <strong>DTE Energy</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>Evergy</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evrg#NASDAQ">EVRG</a>) and <strong>Xcel Energy</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xel#NASDAQ">XEL</a>), each carrying a Zacks Rank #2.</p>
<p>DTE&#39;s long-term (three to five years) earnings growth rate is 8.14%. The Zacks Consensus Estimate for 2024 EPS implies a year-over-year increase of 16.9%.</p>
<p>EVRG&#39;s long-term earnings growth rate is 5.85%. The Zacks Consensus Estimate for 2024 EPS implies year-over-year growth of 8.8%.</p>
<p>XEL&#39;s long-term earnings growth rate is 6.39%. The company delivered an average earnings surprise of 0.7% in the past four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2336324/reasons-to-add-pampa-energia-stock-to-your-portfolio-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336324">To read this article on Zacks.com click here.</a></p>


Latin America

Mid Cap

EVRG

Reasons to Add Pampa Energia Stock to Your Portfolio Right Now

<p>Keybanc  analyst Sophie Karp   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $126 to $130.</p>


Keybanc Maintains Overweight on DTE Energy, Raises Price Target to $130

<p>Mizuho  analyst Anthony Crowdell   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Outperform and raises the price target from $121 to $133.</p>


Mizuho Maintains Outperform on DTE Energy, Raises Price Target to $133

<p>Across the recent three months, 9 analysts have shared their insights on DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>), expressing a variety of opinions spanning from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $128.33, a high estimate of $137.00, and a low estimate of $111.00. Marking an increase of 5.29%, the current average surpasses the previous average price target of $121.88. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725624040_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A comprehensive examination of how financial experts perceive DTE Energy is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$135.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$136.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$121.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$137.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Paul Fremont</td>
<td>Ladenburg Thalmann</td>
<td>Announces</td>
<td>Buy</td>
<td>$131.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$128.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Neil Kalton</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$133.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$123.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$111.00</td>
<td>$116.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to DTE Energy. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of DTE Energy compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of DTE Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into DTE Energy's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/DTE/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on DTE Energy analyst ratings.</strong></a></p>
<h2>All You Need to Know About DTE Energy</h2>
<p>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.</p>
<h3>Financial Insights: DTE Energy</h3>
<p><strong>Market Capitalization Highlights:</strong> Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.</p>
<p><strong>Revenue Growth:</strong> DTE Energy's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>7.12%</strong>. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> DTE Energy's net margin excels beyond industry benchmarks, reaching <strong>11.2%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> DTE Energy's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>2.89%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> DTE Energy's ROA excels beyond industry benchmarks, reaching <strong>0.69%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> DTE Energy's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>2.09</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Assessing DTE Energy: Insights From 9 Financial Analysts

<p>BMO Capital  analyst James Thalacker   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Market Perform and raises the price target from $126 to $135.</p>


BMO Capital Maintains Market Perform on DTE Energy, Raises Price Target to $135

<p><strong>American Electric Power Company, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aep#NASDAQ">AEP</a>) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations and serve its utility customers efficiently. The company is also making consistent investments to boost its renewable generation portfolio.</p>
<p>However, this Zacks Rank #3 (Hold) company faces risks like rising interest rates and an unfavorable financial position, which act as a headwind.</p>
<h2>AEP&#39;s Tailwinds</h2>
<p>American Electric has a capital investment plan of $43 billion for the 2024-2028 period in its core regulated operations, contracted renewables and wires. This should boost AEP&#39;s customer reliability. The company expects this systematic investment to support it in achieving long-term earnings growth of 6-7%.</p>
<p>Moreover, American Electric intends to invest roughly $27.3 billion in its transmission and distribution operations between 2024 and 2028 to build a more efficient grid and provide consumers with customized energy solutions.</p>
<p>In the clean energy space, as of June 30, 2024, AEP has regulatory nods from several state regulatory commissions to purchase 2,811 megawatts of owned renewable generation facilities for a total estimated cost of $6.6 billion. It plans to invest $9.4 billion in controlled renewable expansion between 2024 and 2028. This should further boost its renewable generation portfolio in the years to come.</p>
<h2>Headwinds Faced by AEP</h2>
<p>Since utility firms like American Electric Power finance their operations through both short and long-term borrowings, the increased interest rate environment in the United States remains a headwind for AEP in the form of higher interest expenses. In the second quarter of 2024, the company&#39;s interest expenditure increased by 1.2% year over year. If American Electric continues to face such escalating interest costs, it might adversely affect its financial situation in the near future.</p>
<p>As of June 30, 2024, American Electric had $40 billion in long-term debt, while its cash equivalents totaled $0.47 billion. As of the same date, its current debt was $3.75 billion. As both AEP&#39;s current and long-term debt levels remained far greater than its cash reserve, the company seems to have a weak position with respect to its solvency.</p>
<h2>AEP Stock Price Movement</h2>
<p>In the past three months, shares of AEP have risen 11.8% compared with the industry&#39;s growth of 3.6%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/dc/75929.jpg?v=1237332659" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the same industry are<strong> DTE Energy Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>The AES Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) and <strong>NiSource Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>DTE Energy&#39;s long-term (three to five years) earnings growth rate is 8.1%. The company delivered an average earnings surprise of 0.77% in the last four quarters.</p>
<p>AES delivered an average earnings surprise of 19.18% in the last four quarters. The Zacks Consensus Estimate for AES&#39; 2024 sales suggests an improvement of 3.6% from the prior-year reported figure.</p>
<p>NiSource&#39;s long-term earnings growth rate is 6%. The company delivered an average earnings surprise of 20.64% in the last four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2328992/aep-stock-rides-on-investments-despite-high-interest-rates?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2328992">To read this article on Zacks.com click here.</a></p>


AEP Stock Rides on Investments Despite High Interest Rates

<p>B of A Securities  analyst Julien Dumoulin-Smith   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Buy and raises the price target from $131 to $136.</p>


B of A Securities Maintains Buy on DTE Energy, Raises Price Target to $136

<p><strong>Public Service Enterprise Group, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/peg#NYSE">PEG</a>) or PSEG&#39;s focus on renewable generation expansion is likely to bolster its footprint in the clean energy market. To enhance customer reliability, the company makes consistent investments in its infrastructure, strengthening its transmission and distribution system&#39;s resilience.</p>
<p>However, this Zacks Rank #3 (Hold) company faces risks like an unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which acts as a headwind.</p>
<h2>PEG&#39;s Tailwinds</h2>
<p>PSEG has a capital investment plan of $18-$21 billion for 2024-2028 to constantly upgrade its infrastructure and expand its renewable generation portfolio. Its solid capital investment plan is estimated to bring in compounded annual rate base growth of 6-7.5% between 2024 and 2028.</p>
<p>In the clean energy space, the company is investing significantly in solar initiatives in utility-owned solar photovoltaic (PV) grid-connected systems. As of Dec. 31, 2023, the PSE&amp;G segment owned 158 MW DC of installed PV solar capacity throughout New Jersey.</p>
<p>PSEG is also expanding its footprint in the wind energy market. It is essential to note that the company has been granted various onshore transmission contracts by the New Jersey Board of Public Utilities to link customers with the offshore wind farms that are currently under development.</p>
<h2>Headwinds Faced by PSEG</h2>
<p>PSEG&#39;s segment, PSE&amp;G, has been collaborating with the New Jersey Department of Environmental Protection to assess and remediate environmental conditions at its former MGP sites. As of June 30, 2024, 38 sites require remedial action, and PSE&amp;G estimates costs of $196-$215 million to complete all sites. Such an expenditure might hurt PSEG&#39;s operating results.</p>
<p>As of June 30, 2024, the company owed $18.42 billion in long-term debt. Its cash balance of $0.11 billion at the end of the second quarter fell short of its long-term debt levels and the current debt value of $2.98 billion. This shows that PSEG has a weak solvency position.</p>
<h2>PEG Stock Price Movement</h2>
<p>In the past six months, shares of PEG have risen 28.7% compared with the industry&#39;s growth of 20.8%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fa/75670.jpg?v=354682259" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the same industry are <strong>DTE Energy Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>The AES Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) and <strong>NiSource Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>DTE Energy&#39;s long-term (three to five years) earnings growth rate is 8.1%. The company delivered an average earnings surprise of 0.77% in the last four quarters.</p>
<p>AES delivered an average earnings surprise of 19.18% in the last four quarters. The Zacks Consensus Estimate for AES&#39; 2024 sales suggests an improvement of 3.6% from the prior-year reported figure.</p>
<p>NiSource&#39;s long-term earnings growth rate is 6%. The company delivered an average earnings surprise of 20.64% in the last four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2328140/pseg-stock-rides-on-investments-despite-weak-financial-position?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2328140">To read this article on Zacks.com click here.</a></p>


PSEG Stock Rides on Investments Despite Weak Financial Position

<p>Morgan Stanley  analyst Stephen Byrd   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $114 to $121.</p>


Morgan Stanley Maintains Overweight on DTE Energy, Raises Price Target to $121

<p>Scotiabank  analyst Andrew Weisel   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Sector Outperform and raises the price target from $120 to $137.</p>


Scotiabank Maintains Sector Outperform on DTE Energy, Raises Price Target to $137

<p>DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $125.17, a high estimate of $133.00, and a low estimate of $111.00. Marking an increase of 4.13%, the current average surpasses the previous average price target of $120.20. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723636829_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A comprehensive examination of how financial experts perceive DTE Energy is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Paul Fremont</td>
<td>Ladenburg Thalmann</td>
<td>Announces</td>
<td>Buy</td>
<td>$131.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$128.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Neil Kalton</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$133.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$123.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$111.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Sophie Karp</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$125.00</td>
<td>$117.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> 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.</li>
<li><strong>Rating:</strong> 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.</li>
<li><strong>Price Targets:</strong> 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.</li>
</ul>
<p>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.</p>
<p><a href="https://www.benzinga.com/quote/DTE/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on DTE Energy analyst ratings.</strong></a></p>
<h2>All You Need to Know About DTE Energy</h2>
<p>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.</p>
<h3>Understanding the Numbers: DTE Energy's Finances</h3>
<p><strong>Market Capitalization Analysis:</strong> With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, DTE Energy showcased positive performance, achieving a revenue growth rate of <strong>7.12%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.</p>
<p><strong>Net Margin:</strong> DTE Energy's net margin is impressive, surpassing industry averages. With a net margin of <strong>11.2%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> DTE Energy's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>2.89%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> DTE Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>0.69%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> DTE Energy's debt-to-equity ratio surpasses industry norms, standing at <strong>2.09</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>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.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What Analysts Are Saying About DTE Energy Stock

<p>Ladenburg Thalmann  analyst Paul Fremont   initiates coverage on DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Buy rating and announces Price Target of $131.</p>


Initiation

Ladenburg Thalmann Initiates Coverage On DTE Energy with Buy Rating, Announces Price Target of $131

<p>Barclays  analyst Nicholas Campanella   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $123 to $128.</p>


Barclays Maintains Overweight on DTE Energy, Raises Price Target to $128

<p>Wells Fargo  analyst Neil Kalton   maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $125 to $133.</p>


Wells Fargo Maintains Overweight on DTE Energy, Raises Price Target to $133

Guidance

DTE Energy Reaffirms FY24 Operating EPS Of $6.54-$6.83 Vs. $6.69 Est.

<p>DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.21 by 18.18 percent.</p>


Earnings Beats

DTE Energy Q2 2024 Adj EPS $1.43 Beats $1.21 Estimate

Mizuho Securities analyst Anthony Crowdell has reiterated their bullish stance on DTE stock, giving a Buy rating on August 29. Anthony Crowdell has...

Reiterating Buy Rating for DTE Energy: Looking Beyond Regulatory Challenges to Long-Term Growth

Ameren: A Few Improvements, But Still Looks Expensive

Northwestern Energy: Doing Better Than The Stock Price Performance Suggests

JXI: Utilities Dashboard For September

The Top Five long crowded stocks in each U.S. sector

Morgan Stanley analyst David Arcaro maintained a Buy rating on DTE Energy (DTE – Research Report) today and set a price target of $128.00. The comp...

Comments

DTE Energy

Actualités

Dernières nouvelles pour DTE Energy (NYSE:DTE) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL