Jefferies Starts DTE Energy (DTE) at Buy

November 14, 2016 6:51 AM EST
Get Alerts DTE Hot Sheet
Price: $98.89 -0.31%

Rating Summary:
    10 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Jefferies initiates coverage on DTE Energy (NYSE: DTE) with a Buy rating and a price target of $102.00.

Analyst Anthony Crowdell commented, "DTE boasts a premier set of utility and midstream assets with an attractive platform of growth. Unlike other utilities that are struggling for rate base growth, DTE has a significant pipeline of distribution and generation opportunities in one of the best regulatory jurisdictions. Even though 20% of earnings are from non-utility businesses, we believe the contracted nature of these assets deserves a regulated valuation and initiate DTE at Buy."

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 $90.97 yesterday.

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