DTE Energy (NYSE:DTE) Return Should Reach 15 Percent Over 12 Months

DTE Energy (NYSE:DTE) has the potential to generate a 15 percent return over the next year at minimum, says Barclays (NYSE:BCS).

"Our positive investment thesis for DTE is based on confidence in the two core utilities located in the constructive Michigan jurisdiction, a solid, and growing, dividend yield of 4.9%, and re-based expectations for the unregulated subs that now shifts revision bias to the upside," Barclays said.

"We see DTE as an attractive risk-reward total return story: We see DTE's 12 month potential total return in our base case as 15%. Our assumptions are that DTE is able to continue to execute their regulatory strategy in the premium Michigan jurisdiction and the unregulated segments demonstrate moderate growth off of their lowered '11 base."

DTE was trading at $45.61, gaining $0.30, or 0.66 percent, at 2:10 PM EST. Barclays has a price target on them of $50, lowering it from $52. They upgraded them to an "Equalweight" rating.