DTE Energy (NYSE:DTE)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, AR Network reports. They currently have a $71.00 target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 2.25% from the stock’s previous close.
DTE Energy (NYSE:DTE) traded up 0.17% during mid-day trading on Monday, hitting $69.56. The stock had a trading volume of 982,670 shares. DTE Energy has a 1-year low of $58.06 and a 1-year high of $73.32. The stock’s 50-day moving average is $68.30 and its 200-day moving average is $68.46. The company has a market cap of $12.298 billion and a price-to-earnings ratio of 19.54.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.24 by $0.11. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $1.31 earnings per share. DTE Energy’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that DTE Energy will post $4.04 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DTE. Analysts at Zacks reiterated a “neutral” rating on shares of DTE Energy in a research note to investors on Monday. They now have a $73.00 price target on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of DTE Energy in a research note to investors on Wednesday, September 25th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.11.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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