DTE Energy Company – Consensus indicates 9.9% upside potential

DTE Energy Company with ticker code (DTE) now have 15 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 142 and 115, with the average target price standing at 124.93. With the stock’s previous close at 113.64, this would imply 9.9% upside potential. The 50-day moving average is 121.32 and the 200-day MA is 125.68. The company has a market capitalization of $21,720 million. Company website: https://newlook.dteenergy.com

The potential market capitalization would be $23,878 million based on market consensus.

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DTE Energy Company engages in utility operations. The Company’s Electric segment generates, purchases, distributes and sells electricity to approximately 2.3 million residential, commercial and industrial customers in Southeast Michigan. It generates electricity from fossil fuels, hydroelectric pumped storage and nuclear power plants, as well as wind power and other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 line transformers. The Company’s Gas segment purchases, stores, transports, distributes and sells natural gas to approximately 1.3 million residential, commercial and industrial customers throughout Michigan; and sells storage and transport capacities. This segment has approximately 20,000 miles of distribution lines; 1,304,000 service pipelines; and 1,305,000 active meters, and has approximately 2,000 miles of transmission pipelines. The Company’s Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke for steel, pulp and paper and other industries; and power generation, steam and chilled water, and wastewater treatment services, as well as the supply of compressed air to industrial customers. Its Energy Trading segment is engaged in the marketing and trading of electricity, natural gas and the environment; structured transactions; and optimization of natural gas pipeline transmission and storage contract positions. The company was founded in 1903 and is headquartered in Detroit, Michigan.

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