DTE ENERGY CO: JEFFERIES INCREASES TARGET PRICE FROM $150 TO $153
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: moomoo
- Price Increase Announcement: Jeffries has raised its price target for Energy Co. from $150 to $153.
- Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the energy sector.
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Analyst Views on DTE
Wall Street analysts forecast DTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DTE is 149.50 USD with a low forecast of 138.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 136.560
Low
138.00
Averages
149.50
High
158.00
Current: 136.560
Low
138.00
Averages
149.50
High
158.00
About DTE
DTE Energy Company is a diversified energy company, which is involved in the development and management of energy-related businesses and services nationwide. The Company’s segments include Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. Electric segment consists principally of DTE Electric, which is engaged in the generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. Gas segment consists principally of DTE Gas, which is engaged in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan. DTE Vantage segment is comprised primarily of renewable energy projects that sell electricity and pipeline-gas and projects that deliver custom energy solutions to industrial, commercial, and institutional customers. Energy Trading segment consists of energy marketing and trading operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
DTE ENERGY CO: JEFFERIES INCREASES TARGET PRICE FROM $150 TO $153
- Price Increase Announcement: Jeffries has raised its price target for Energy Co. from $150 to $153.
- Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the energy sector.
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DTE Energy Donates $15 Million for Winter Heating Assistance in Michigan
- Winter Heating Assistance: DTE Energy has announced a $15 million donation to three nonprofits to help Michigan families stay warm during the harsh winter months, demonstrating the company's commitment to community support and relief.
- Funding Allocation: The donation includes $5 million each to The Heat and Warmth Fund, United Way for Southeastern Michigan, and The Salvation Army Great Lakes Division, aimed at providing energy assistance to vulnerable populations, thereby reducing living costs.
- Service Expansion: This funding will help customers prevent service disruptions, lower past-due balances, and access emergency assistance during extreme weather events, enhancing energy stability for households in need.
- Community Collaboration: The CEO of United Way noted that DTE's generous donation will significantly strengthen their ability to provide critical utility payment assistance, helping more families navigate economic hardships and showcasing the company's social responsibility.
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