DTE Energy Co (NYSE:DTE) price target upped to $106.00, released a research note earlier today by Zacks Investment Research
- Updated: September 28, 2016
Stating a potential upside of 0.10%, Zacks Investment Research upped the price target of DTE Energy Co (NYSE:DTE) to $106.00
Just yesterday DTE Energy Co (NYSE:DTE) traded -0.24% lower at $96.25. DTE Energy Co’s 50-day moving average is $94.28 and its 200-day moving average is $92.93. The last closing price is up 2.06% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 887,269 shares of DTE traded hands, down from an average trading volume of 1,024,630
Recent Performance Chart
DTE Energy Co has P/E ratio of 22.90 with a one year low of $77.35 and a one year high of $100.45 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 11 brokerages have issued a ratings update on the company. The average stock price target is $91.45 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On DTE Energy Co (NYSE:DTE)
DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy's utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company's segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. The Company's Electric segment consists of DTE Electric, which is engaged in the generation, purchase, distribution and sale of electricity to approximately 2.2 million residential, commercial and industrial customers in southeastern Michigan. DTE Energy's Gas segment consists principally of DTE Gas, a natural gas utility engaged in the purchase, storage, transportation, distribution and sale of natural gas to approximately 1.2 million residential, commercial and industrial customers throughout Michigan, and the sale of storage and transportation capacity. DTE Electric owns and operates approximately 680 distribution substations.
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