Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Dte Energy Company on Monday, setting a price target of $109, which is approximately 11.97% above the present share price of $97.35.
Byrd expects Dte Energy Company to post earnings per share (EPS) of $1.77 for the second quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in DTE Energy (NYSE:DTE), with an average price target of $121.25.
The analysts price targets range from a high of $143 to a low of $109.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.02 billion and a net profit of $542 million. The company's market cap is $18.75 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is a 3-star analyst with an average return of 0.7% and a 52.3% success rate.
DTE Energy Co. operates as a diversified energy company, which engages in the provision of electricity and natural gas sales, distribution and storage services. It operates through the following segments: Electric, Gas, Non-Utility Operations, and Corporate & Other. The Electric segment engages in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in south-eastern Michigan. The Gas segment engages in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan and the sale of storage and transportation capacity. The Non-Utility Operations segment engages in gas storage and pipelines, power and industrial projects, and energy trading. The Corporate & Other includes various holding company activities, holds certain non-utility debt, and holds energy-related investments. The company was founded in January 1995 and is headquartered in Detroit, MI.