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

DTE Energy (NYSE:DTE - Get Free Report) had its price objective reduced by equities research analysts at Barclays from $137.00 to $136.00 in a research report issued 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 1.58% from the company's current price.

Several other research firms have also commented on DTE. Morgan Stanley reduced their target price on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Wells Fargo & Company raised their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. BMO Capital Markets raised their price target 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 raised their price target 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, Citigroup reissued 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, DTE Energy currently has a consensus rating of "Moderate Buy" and an average target price of $141.00.

DTE Energy Trading Up 0.2%

Shares of DTE stock traded up $0.22 on Thursday, hitting $133.88. 1,156,385 shares of the company's stock traded hands, compared to its average volume of 1,299,054. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. DTE Energy has a one year low of $112.65 and a one year high of $140.39. The company's fifty day simple moving average is $134.17 and its 200 day simple moving average is $130.72. The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.43 and a beta of 0.44.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the firm earned $1.67 EPS. Equities analysts forecast that DTE Energy will post 7.18 EPS for the current year.

Institutional Investors Weigh In On DTE Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cloud Capital Management LLC purchased a new position in DTE Energy during the 1st quarter valued at about $25,000. Quintet Private Bank Europe S.A. purchased a new position in DTE Energy during the 2nd quarter valued at about $25,000. Olde Wealth Management LLC purchased a new position in DTE Energy during the 1st quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in DTE Energy during the 1st quarter valued at about $28,000. Finally, SouthState Corp purchased a new position in DTE Energy during the 1st quarter valued at about $29,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company Profile

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.