Barclays Cuts DTE Energy (NYSE:DTE) Price Target to $136.00

DTE Energy (NYSE:DTE - Get Free Report) had its price objective reduced by stock analysts at Barclays from $137.00 to $136.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the utilities provider's stock. Barclays's price target points to a potential upside of 2.17% from the stock's previous close.

Several other equities research analysts have also weighed in on the company. Evercore ISI raised their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Morgan Stanley reduced their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Citigroup restated a "buy" rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.00.

DTE Energy Stock Performance

Shares of NYSE:DTE traded up $1.69 during midday trading on Thursday, reaching $133.11. The company's stock had a trading volume of 389,225 shares, compared to its average volume of 1,412,397. The firm has a market capitalization of $27.62 billion, a PE ratio of 17.99, a P/E/G ratio of 2.37 and a beta of 0.44. The stock has a fifty day moving average of $134.26 and a 200 day moving average of $130.40. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. DTE Energy has a twelve month low of $109.73 and a twelve month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. During the same period in the previous year, the business posted $1.67 earnings per share. On average, equities analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in shares of DTE Energy by 151.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,033 shares of the utilities provider's stock worth $487,000 after acquiring an additional 2,426 shares in the last quarter. Assetmark Inc. increased its position in shares of DTE Energy by 12.1% in the fourth quarter. Assetmark Inc. now owns 3,535 shares of the utilities provider's stock valued at $427,000 after acquiring an additional 381 shares during the period. Proficio Capital Partners LLC purchased a new stake in DTE Energy in the 4th quarter worth approximately $11,414,000. Raymond James Financial Inc. purchased a new stake in DTE Energy in the fourth quarter worth about $43,063,000. Finally, Amundi grew its stake in DTE Energy by 7.1% in the fourth quarter. Amundi now owns 328,660 shares of the utilities provider's stock worth $39,771,000 after purchasing an additional 21,903 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.

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