DTE Energy Leaps to Seventh in WSB Rankings Despite Stock Dip

Stock SpotlightFriday, Oct 4, 2024 7:01 am ET

1min read

DTE Energy has climbed to seventh place in the latest WSB rankings, marking an improvement of four spots from the previous day. This shift comes amid a slight decline in DTE Energy's stock, which fell by 0.89%.

Recently, Keybanc reaffirmed its rating of DTE Energy as "Overweight" with a target price of $136.00, indicating confidence in the company's potential. This assessment follows the company's mid-year financial disclosure dated July 25. As of June 30, 2024, DTE Energy reported revenues of $6.115 billion, reflecting a year-over-year decrease of 5.38%. The net income for the same period stood at $635 million, leading to a basic earnings per share of $3.07.

DTE Energy, established in Michigan, operates primarily through two major segments: DTE Electric and DTE Gas. The company also engages in various other energy-related activities under different business units, expanding its reach and influence in the energy sector.

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