DTE Energy (DTE) Analysts Maintain Buy Rating with Price Target of $168
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn May 5, analysts at Jefferies maintained a Buy rating on DTE Energy Company (DTE) but reduced the price target from $170 to $168. The firm expects DTE to experience a compound annual growth rate of 8% or more due to data center deals and a proposal aimed at reducing stock risk. DTE is also negotiating for 2 gigawatts of pipeline capacity, enhancing its growth opportunities. Analysts noted that DTE is currently trading at a 4% discount to the average peer price-to-earnings ratio, signaling potential value for investors.
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About DTE Energy Company (DTE)
DTE Energy is a Michigan electric and gas utility.
The Utilities sector covers electric, gas and water providers prized for steady, regulated income.
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