Morgan Stanley analyst David Arcaro maintains $DTE Energy (DTE.US)$ with a buy rating, and maintains the target price at $131.
According to TipRanks data, the analyst has a success rate of 58.3% and a total average return of 12.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DTE Energy (DTE.US)$'s main analysts recently are as follows:
Expectations are set for a favorable outcome from the upcoming Michigan Public Service Commission meeting on November 7, which is anticipated to yield a constructive rate order for DTE Gas's distribution rate case and could potentially reduce DTE's current valuation discount when compared to CMS Energy.
The company anticipates that investments in the Electric segment, which are focused on grid reliability and clean generation, will propel earnings in 2024. To date in 2024, there has been observed year-over-year growth in the Gas and Vantage segments. The trend is expected to persist, with the company likely to gain from favorable load growth trends in its area and augmented resilience spending in Michigan, all occurring within a supportive regulatory framework. This is anticipated to provide sustained momentum through 2024, justifying a valuation above the sector average.
Note:
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