UBS analyst William Appicelli reiterated a Buy rating on DTE Energy (DTE – Research Report) today and set a price target of $148.00. The company’s shares opened today at $133.16.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Appicelli covers the Utilities sector, focusing on stocks such as NextEra Energy, Constellation Energy Corporation, and American Electric Power. According to TipRanks, Appicelli has an average return of 18.7% and a 76.00% success rate on recommended stocks.
Currently, the analyst consensus on DTE Energy is a Moderate Buy with an average price target of $144.80.
Based on DTE Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.44 billion and a net profit of $445 million. In comparison, last year the company earned a revenue of $3.24 billion and had a net profit of $313 million
Read More on DTE:
- DTE Energy Appoints Joi M. Harris as CEO
- DTE Energy names Joi Harris as CEO, effective September 8
- Trump Trade: U.S. President says China getting 10% tariffs in ‘done’ deal
- Trump set to scrap Biden-era power-plant pollution curbs, Bloomberg says
- DTE Energy price target raised to $151 from $142 at Citi