DTE Energy Company (NYSE:DTE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• DTE Energy Company has received a consensus recommendation of "Moderate Buy" from thirteen analysts, with an average price target of $144.00.
• The stock recently opened at $140.05 and has shown a 12-month price range of $115.59 to $143.79.
• Institutional investors and hedge funds collectively own 76.06% of DTE Energy's stock, indicating strong institutional interest in the company.

Shares of DTE Energy Company (NYSE:DTE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $144.00.

DTE has been the topic of several research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of DTE Energy in a research report on Wednesday. Morgan Stanley dropped their price objective on DTE Energy from $140.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Barclays increased their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Scotiabank restated a "sector perform" rating and set a $147.00 price target on shares of DTE Energy in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th.

DTE Energy Stock Down 1.1%

DTE Energy stock opened at $140.05 on Friday. DTE Energy has a twelve month low of $115.59 and a twelve month high of $143.79. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The firm has a market cap of $29.07 billion, a PE ratio of 20.15, a P/E/G ratio of 2.81 and a beta of 0.42. The firm's 50 day moving average price is $138.36 and its two-hundred day moving average price is $135.83.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the transaction, the vice president owned 4,153 shares of the company's stock, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On DTE Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cloud Capital Management LLC acquired a new position in DTE Energy during the first quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy in the 2nd quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in DTE Energy in the 1st quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DTE Energy in the 1st quarter valued at $28,000. Finally, Global Wealth Strategies & Associates acquired a new stake in shares of DTE Energy in the third quarter valued at about $28,000. Institutional investors and hedge funds own 76.06% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.