Across the recent three months, 7 analysts have shared their insights on DTE Energy (NYSE:DTE), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 5 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $117.29, a high estimate of $125.00, and a low estimate of $109.00. This current average has increased by 1.37% from the previous average price target of $115.71.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of DTE Energy among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Sophie Karp | Keybanc | Raises | Overweight | $125.00 | $117.00 |
| Nicholas Campanella | Barclays | Raises | Overweight | $119.00 | $115.00 |
| Andrew Weisel | Scotiabank | Lowers | Sector Outperform | $120.00 | $129.00 |
| James Thalacker | BMO Capital | Raises | Market Perform | $113.00 | $111.00 |
| Eric Beaumont | Barclays | Raises | Overweight | $115.00 | $112.00 |
| Stephen Byrd | Morgan Stanley | Raises | Overweight | $109.00 | $108.00 |
| Jeremy Tonet | JP Morgan | Raises | Neutral | $120.00 | $118.00 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DTE Energy compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of DTE Energy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on DTE Energy analyst ratings.
Discovering DTE Energy: A Closer Look
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 Milestones: DTE Energy's Journey
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Decline in Revenue: Over the 3 months period, DTE Energy faced challenges, resulting in a decline of approximately -14.26% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: DTE Energy's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 9.63%, the company may face hurdles in effective cost management.
Return on Equity (ROE): DTE Energy's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.81%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): DTE Energy's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.69%, the company may face hurdles in achieving optimal financial returns.
Debt Management: DTE Energy's debt-to-equity ratio surpasses industry norms, standing at 1.98. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.