J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on DTE Energy (DTE – Research Report) today and set a price target of $127.00. The company’s shares closed yesterday at $112.56.
According to TipRanks, Tonet is a 4-star analyst with an average return of 5.4% and a 55.83% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as TC Energy, Enbridge, and Crestwood Equity.
DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $128.40.
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Based on DTE Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.25 billion and a net profit of $387 million. In comparison, last year the company earned a revenue of $3.72 billion and had a net profit of $25 million
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Michigan-based DTE Energy Co. is a diversified energy company, which provides electricity and natural gas sales, distribution and storage services. It operates through the following divisions: Electric, Gas, Gas Storage and Pipelines, and Power and Industrial Projects.
Read More on DTE:
- DTE Energy reduces natural gas rate, saving customers money on their heating bills
- DTE Energy schedules full year 2022 earnings release, conference call
- DTE Energy price target raised to $138 from $128 at Wells Fargo
- Stellantis partners with DTE Energy to add 400MW of solar projects in Michigan
- DTE Energy retires two coal-fired power plants in Michigan
