Jefferies Recommendations: DTE Energy’s Corporate Bond Holds Promising Upside

Analysts Predict Moderate Growth for DTE Energy Bonds

Fintel reports that on October 21, 2024, Jefferies began coverage of DTE Energy Company – Corporate Bond (NYSE:DTW), recommending a Hold position.

Analyst Price Forecast Suggests 5.33% Upside

As of September 25, 2024, the average one-year price target for DTE Energy Company – Corporate Bond stands at $25.79 per share. Predictions range from a low of $23.86 to a high of $28.08, reflecting a potential increase of 5.33% from its latest closing price of $24.48 per share.

Projected Revenue Growth Indicates Strong Performance

Analysts project an annual revenue of $16,277 million for DTE Energy Company – Corporate Bond, representing a significant rise of 31.30%. Furthermore, the anticipated annual non-GAAP EPS is 6.76.

Evaluating Fund Sentiment

Currently, 23 funds or institutions hold positions in DTE Energy Company – Corporate Bond, which marks a decrease of 2 owners, or 8.00%, over the last quarter. The average portfolio weight for all funds invested in DTW has increased by 4.92% to 0.38%. In total, institutional shares have dropped by 0.83% over the past three months, totaling 5,224K shares.

Activity Among Other Shareholders

PFF – iShares Preferred and Income Securities ETF holds 1,543K shares, slightly down from 1,546K shares, a decrease of 0.23%. Their portfolio allocation in DTW fell by 0.57% over the last quarter.

PGX – Invesco Preferred ETF currently holds 663K shares, down from 678K shares, translating to a 2.31% decline. Their portfolio allocation in DTW decreased by 3.32% in the past quarter.

PFXF – VanEck Vectors Preferred Securities ex Financials ETF increased its holdings to 650K shares, up from 575K shares. This represents an increase of 11.60%, with a portfolio allocation boost of 6.65% in DTW over the last quarter.

PNARX – Spectrum Preferred and Capital Securities Income Fund retains its 341K shares with no changes noted during the last quarter.

PFFD – Global X U.S. Preferred ETF holds 314K shares, down from 323K shares, a 2.95% decrease, reflecting a 3.87% reduction in their portfolio allocation in DTW over the past three months.

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This report originally appeared on Fintel.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.