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.