In a report released today, Ross Fowler from Bank of America Securities maintained a Buy rating on DTE Energy (DTE – Research Report). The company’s shares opened today at $127.48.
Fowler covers the Utilities sector, focusing on stocks such as Edison International, IdaCorp, and Nisource. According to TipRanks, Fowler has an average return of 4.3% and a 57.14% success rate on recommended stocks.
In addition to Bank of America Securities, DTE Energy also received a Buy from Scotiabank’s Andrew Weisel in a report issued on October 25. However, on October 22, J.P. Morgan maintained a Hold rating on DTE Energy (NYSE: DTE).
Based on DTE Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.91 billion and a net profit of $477 million. In comparison, last year the company earned a revenue of $2.89 billion and had a net profit of $332 million
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DTE Energy (DTE) Company Description:
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 price target raised to $145 from $133 at Wells Fargo
- DTE Energy reports Q3 operating EPS $2.22, consensus $1.88
- DTE Energy sees FY24 operating EPS $6.54 – $6.83, consensus $6.70
- DTE Energy placed on ‘Positive Catalyst Watch’ at JPMorgan
- DTE Energy price target raised to $138 from $136 at KeyBanc
