DTE Energy Company (DTE) Monthly Report
Publication Date: September 22, 2024
Company Overview
DTE Energy Company (DTE), headquartered in Detroit, Michigan, is a prominent player in the utilities sector, focusing on regulated electric and natural gas services. Established in 1849 and publicly traded since 1957, DTE Energy’s operations include generating, purchasing, distributing, and selling electricity primarily to residential, commercial, and industrial clients in southeastern Michigan. The company employs a diverse energy portfolio, utilizing coal-fired plants, hydroelectric pumped storage, and an expanding array of renewable energy resources, including wind and solar. With reported revenue of approximately $12.4 billion, DTE’s financial health positions it well for sustained operations and growth, representing a compelling investment opportunity in the regulated electric utilities space.
Investment Potential
Market analysis and investment forecasts suggest a bullish sentiment surrounding DTE’s stock. Currently priced at $125.09, the stock sells just below its fifty-two week high of $127.59, showcasing strong market performance. Analysts generally express confidence in its future, with a target high price set at $137. This outlook is supported by a mean target price of $129.48 and a median of $130.50; 14 analysts have predominantly rated the stock as a “buy,” reflected in a recommendation mean of 2.2. Moreover, the short interest, accounting for only 1.9% of the total float, indicates limited bearish sentiment, reinforcing confidence in DTE’s upward trajectory.
Financial Summary
DTE Energy’s financial strength is underscored by its robust revenue generation, totaling around $12.4 billion. Despite the unavailability of EBITDA figures, current financial indicators suggest a solid foundation for analysis. The stock also reflects volatility, with a fifty-two week low of $90.14 compared to its consistent performance above the fifty-day moving average of $121.6058. Given these dynamics, including the strong consensus from analysts and favorable market conditions, the recommendation leans towards a “buy” for potential investors looking to capitalize on DTE Energy’s solid positioning within the utilities sector.
| Metric | Value |
|---|---|
| Market Cap | $25.9b |
| Total Debt | $23.2b |
| Total Cash | $1.1b |
| Shares Outstanding | 207.0m |
| Float Shares | 206.2m |
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