Barclays Issues Pessimistic Forecast for DTE Energy (NYSE:DTE) Stock Price

DTE Energy (NYSE:DTE - Get Free Report) had its price objective lowered by investment analysts at Barclays from $137.00 to $136.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the utilities provider's stock. Barclays's price target suggests a potential upside of 1.58% from the company's previous close.

Several other brokerages also recently commented on DTE. Wells Fargo & Company raised their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Guggenheim upped their price target on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets upped their price target on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research note on Monday, April 21st. Finally, Evercore ISI upped their price target on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. One 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $141.00.

DTE Energy Trading Up 0.2%

NYSE:DTE traded up $0.22 on Thursday, reaching $133.88. 1,156,385 shares of the stock traded hands, compared to its average volume of 1,298,015. The firm has a market capitalization of $27.78 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.43 and a beta of 0.44. The company's 50 day moving average is $134.17 and its 200-day moving average is $130.58. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 1.82. DTE Energy has a 1-year low of $112.65 and a 1-year high of $140.39.

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

Hedge Funds Weigh In On DTE Energy

Hedge funds have recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in DTE Energy during the 1st quarter worth $25,000. Quintet Private Bank Europe S.A. purchased a new position in DTE Energy during the 2nd quarter worth $25,000. Olde Wealth Management LLC purchased a new position in DTE Energy during the 1st quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in DTE Energy during the 1st quarter worth $28,000. Finally, SouthState Corp purchased a new position in DTE Energy during the 1st quarter worth $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.