Guggenheim raised the firm’s price target on DTE Energy (DTE) to $139 from $135 and keeps a Buy rating on the shares. DTE reported “a strong beat” in Q4 EPS despite another below average quarter for weather, the analyst tells investors. From a long-term growth perspective, management commentary confirms that strength is driven by regulated investments and includes the sunsetting of the 45Z credit, the analyst added.
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Read More on DTE:
- DTE Energy’s Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- DTE Energy Highlights Strong 2024 Performance and Investments
- DTE Energy’s Earnings Call Highlights Strong Growth Prospects
- DTE Energy announces 2024 accomplishments
- DTE Energy reports Q4 operating EPS $1.51, consensus $1.44
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