Barclays Reiterates an 'Equalweight' on DTE Energy (DTE); Raising Numbers as Weather Helps Out
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Price: $66.08 -2.23%
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade DTE Now!
Barclays reiterates an 'Equalweight' on DTE Energy (NYSE: DTE) price target of $62.00 (from $58.00).
The firm raises FY12 EPS estimate from $3.73 to $3.81, FY13 from $4.01 to $4.03, and FY14 from $4.23 to $4.29.
Analyst, Daniel Ford, said, "We acknowledge that strong weather could provide upside to our '12 number, but await the results of the third quarter before making any adjustments. Our '13/14 numbers are forecast on a weather-normal basis."
Note - last Friday, July 27th, DTE reported Q2 earnings of $0.86, topping estimates by $0.16. Revenues were also better than consensus at $2.03B vs. $2.0B.
For an analyst ratings summary and ratings history on DTE Energy click here. For more ratings news on DTE Energy click here.
Shares of DTE Energy closed at $61.15 yesterday, with a 52 week range of $43.22-$62.08.
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The firm raises FY12 EPS estimate from $3.73 to $3.81, FY13 from $4.01 to $4.03, and FY14 from $4.23 to $4.29.
Analyst, Daniel Ford, said, "We acknowledge that strong weather could provide upside to our '12 number, but await the results of the third quarter before making any adjustments. Our '13/14 numbers are forecast on a weather-normal basis."
Note - last Friday, July 27th, DTE reported Q2 earnings of $0.86, topping estimates by $0.16. Revenues were also better than consensus at $2.03B vs. $2.0B.
For an analyst ratings summary and ratings history on DTE Energy click here. For more ratings news on DTE Energy click here.
Shares of DTE Energy closed at $61.15 yesterday, with a 52 week range of $43.22-$62.08.
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