DTE Energy Company (NYSE:DTE) Stock Has Consensus Price Target of $156.46 According to Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on DTE Energy, with nine buys, five holds, and one strong buy among 15 firms. The average 12-month price target is $156.46.
• DTE shares opened at $121.19, near their 52-week low of $121.05 and below the 50-day and 200-day moving averages. The stock has a market capitalization of $25.22 billion and a P/E ratio of 19.18.
• DTE reported quarterly EPS of $1.32, exceeding the $1.14 consensus estimate, while revenue reached $6.74 billion. Institutional investors own 76.06% of the company, while an insider recently sold 5,000 shares.

Shares of DTE Energy Company (NYSE:DTE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $156.46.

Several brokerages have weighed in on DTE. Mizuho lowered their target price on DTE Energy from $164.00 to $152.00 and set an "outperform" rating for the company in a report on Thursday, August 27th. Morgan Stanley cut their price target on DTE Energy from $148.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday, September 18th. Jefferies Financial Group set a $172.00 price objective on DTE Energy in a report on Thursday, July 9th. BMO Capital Markets lowered their price objective on shares of DTE Energy from $150.00 to $143.00 and set a "market perform" rating for the company in a research note on Friday, August 28th. Finally, TD Cowen started coverage on shares of DTE Energy in a report on Tuesday, July 7th. They set a "hold" rating and a $166.00 target price on the stock.

Insider Buying and Selling at DTE Energy

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider directly owned 73,122 shares in the company, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On DTE Energy

A number of large investors have recently bought and sold shares of DTE. QRG Capital Management Inc. increased its holdings in shares of DTE Energy by 5.7% in the 2nd quarter. QRG Capital Management Inc. now owns 28,810 shares of the utilities provider's stock valued at $4,390,000 after acquiring an additional 1,545 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of DTE Energy by 5.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,272 shares of the utilities provider's stock worth $651,000 after purchasing an additional 235 shares during the last quarter. Anchor Investment Management LLC lifted its stake in shares of DTE Energy by 68.0% during the 2nd quarter. Anchor Investment Management LLC now owns 284 shares of the utilities provider's stock worth $43,000 after purchasing an additional 115 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in DTE Energy by 5.7% during the second quarter. Sequoia Financial Advisors LLC now owns 24,355 shares of the utilities provider's stock valued at $3,711,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in DTE Energy by 10.2% during the second quarter. Tidal Investments LLC now owns 8,380 shares of the utilities provider's stock valued at $1,277,000 after purchasing an additional 775 shares in the last quarter. Institutional investors own 76.06% of the company's stock.

DTE Energy Stock Performance

DTE Energy stock opened at $121.19 on Friday. The company has a 50 day moving average price of $137.60 and a 200-day moving average price of $143.54. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.53 and a current ratio of 0.80. DTE Energy has a fifty-two week low of $121.05 and a fifty-two week high of $155.74. The company has a market capitalization of $25.22 billion, a PE ratio of 19.18, a P/E/G ratio of 2.47 and a beta of 0.37.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.18. The company had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same quarter in the prior year, the firm earned $1.36 earnings per share. As a group, equities analysts forecast that DTE Energy will post 7.71 earnings per share for the current year.

About DTE Energy

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.

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