Ratings for DTE Energy (NYSE:DTE) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $117.17, a high estimate of $125.00, and a low estimate of $111.00. This upward trend is apparent, with the current average reflecting a 0.43% increase from the previous average price target of $116.67.
Exploring Analyst Ratings: An In-Depth Overview
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephen Byrd | Morgan Stanley | Lowers | Overweight | $111.00 | $116.00 |
| 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 |
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: 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.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of DTE Energy's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of DTE Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on DTE Energy analyst ratings.
Get to Know DTE Energy Better
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.
Breaking Down DTE Energy's Financial Performance
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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. In comparison to its industry peers, the company trails behind 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 is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.81%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): DTE Energy's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.69%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.98, caution is advised due to increased financial risk.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.