DTE Energy Company (DTE) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts hold a Moderate Buy consensus on DTE Energy, with nine buy ratings, five holds and one strong-buy rating. The average 12-month price target is $151.85.
• Recent analyst actions were mixed: BMO raised its target to $139, while Barclays and Morgan Stanley lowered theirs to $135 and $141, respectively; Wall Street Zen downgraded the stock to sell.
• DTE shares opened at $126.95, below their 50-day and 200-day moving averages, despite the company exceeding quarterly EPS expectations. Institutional investors own 76.06% of the stock, led by a new $3.9 billion BlackRock stake.

Shares of DTE Energy Company (NYSE:DTE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $151.85.

DTE has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of DTE Energy from $134.00 to $139.00 and gave the stock a "market perform" rating in a report on Friday. Truist Financial set a $139.00 price target on shares of DTE Energy in a research note on Friday. Barclays decreased their price target on shares of DTE Energy from $154.00 to $135.00 and set an "equal weight" rating on the stock in a report on Friday. Morgan Stanley lowered their price objective on shares of DTE Energy from $148.00 to $141.00 and set an "overweight" rating for the company in a research report on Friday, September 18th. Finally, Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Monday.

DTE Energy Trading Down 2.1%

Shares of DTE opened at $126.95 on Tuesday. DTE Energy has a 52-week low of $119.68 and a 52-week high of $155.74. The business's fifty day moving average is $131.45 and its 200-day moving average is $141.09. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.56 and a beta of 0.36.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%. The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. Equities analysts anticipate that DTE Energy will post 7.70 EPS for the current fiscal year.

Insiders Place Their Bets

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the sale, the insider owned 73,122 shares in the company, valued at $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of DTE Energy in the second quarter worth $3,915,284,000. Jupiter Topco LLC acquired a new stake in DTE Energy in the second quarter valued at $477,264,000. Bank of America Corp DE bought a new position in DTE Energy during the 2nd quarter worth $417,001,000. Legal & General Group Plc bought a new position in DTE Energy during the 2nd quarter worth $199,563,000. Finally, Bank of New York Mellon Corp bought a new position in DTE Energy during the 2nd quarter worth $170,977,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Company Profile

DTE Energy Co is a Detroit-based energy holding company that operates through regulated utility businesses and other energy-related activities. Its principal subsidiaries are DTE Electric and DTE Gas, which provide electricity and natural gas to residential, commercial and industrial customers across southeastern Michigan.

DTE Electric generates, transmits and distributes electricity, while DTE Gas transports and distributes natural gas through an extensive pipeline network. The company is also involved in renewable energy, energy services, natural gas storage and pipeline operations, and other nonutility activities designed to support the broader energy system.

DTE Energy traces its roots to the Detroit Edison Company, which was established in 1903 to serve the Detroit area.

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