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

DTE Energy (NYSE:DTE - Get Free Report) had its price objective cut by equities research analysts at Barclays from $137.00 to $136.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Barclays's target price would suggest a potential upside of 1.75% from the stock's previous close.

A number of other equities analysts have also recently weighed in on DTE. Morgan Stanley lowered their price target on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company increased their price target on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. BMO Capital Markets increased their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Evercore ISI increased their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.00.

DTE Energy Price Performance

Shares of DTE Energy stock traded up $2.24 on Thursday, hitting $133.66. 1,486,974 shares of the company were exchanged, compared to its average volume of 1,301,005. The stock has a market capitalization of $27.74 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 2.39 and a beta of 0.44. The company has a 50-day moving average price of $134.22 and a 200 day moving average price of $130.49. DTE Energy has a 1-year low of $109.73 and a 1-year high of $140.39. 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 (NYSE:DTE - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 13.00% and a net margin of 11.25%. During the same period in the previous year, the firm posted $1.67 EPS. As a group, sell-side analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DTE Energy

Several hedge funds and other institutional investors have recently made changes to their positions in DTE. Cloud Capital Management LLC acquired a new position in shares of DTE Energy during the first quarter worth about $25,000. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy in the second quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in DTE Energy in the first quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DTE Energy in the 1st quarter worth about $28,000. Finally, SouthState Corp purchased a new stake in DTE Energy in the 1st quarter valued at about $29,000. 76.06% of the stock is owned by institutional investors and hedge funds.

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.