DTE Energy Company – Consensus indicates potential rise of 6.6%

Energy company DTE with the ticker code (DTE) now have 17 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 148 and 105 and has an average target of 127.41. Now, with the previous closing price of 119.54, this indicates that there is a potential upside of 6.6%. There is a 50 day moving average of 114.53, and the 200 moving average now drops to 116.05. The company has a market capitalization of $ 23,088 million. Company website: https://newlook.dteenergy.com

DTE Energy Company engages in public service operations. The Company’s Electricity segment generates, purchases, distributes and sells electricity to approximately 2.2 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 445,800 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 main; 1,308,000 service lines; and 1,305,000 active meters, and owns approximately 2,000 miles of transmission pipelines. Its Gas Storage and Pipelines segment owns natural gas storage fields, side and gathering pipeline networks, compression and surface facilities, as well as interests in interstate pipelines serving the Gulf Coast markets of the United States. Mexico, Midwest, Ontario and Northeast. 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 electricity, steam and chilled water production, and wastewater treatment services, as well as the supply of compressed air to industrial customers. It also owns and operates 5 renewable energy production plants with a capacity of 139 MW; 22 gas recovery sites; and 10 low emission fuel installations. Its Energy Trading segment deals with the marketing and trading of electricity, natural gas and the environment; structured operations; and the optimization of the transport and storage positions of the gas pipelines under contract. The company was founded in 1903 and is headquartered in Detroit, Michigan.

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