DTE Energy (NYSE:DTE) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• DTE Energy has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen.
• Several analysts have differing views on the stock, with price targets ranging from $137 to $158 and a consensus rating of "Moderate Buy".
• The company reported a quarterly EPS of $1.36, slightly missing analysts' expectations, and had a revenue of $2.91 billion during the same quarter.

DTE Energy (NYSE:DTE - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

A number of other analysts have also recently commented on DTE. Morgan Stanley cut their price objective on DTE Energy from $140.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Barclays boosted their price objective on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. BMO Capital Markets boosted their price objective on DTE Energy from $140.00 to $144.00 and gave the company a "market perform" rating in a research report on Monday, August 25th. Weiss Ratings restated a "buy (b-)" rating on shares of DTE Energy in a research report on Wednesday. Finally, UBS Group boosted their price objective on DTE Energy from $148.00 to $158.00 and gave the company a "buy" rating in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and an average target price of $145.25.

DTE Energy Stock Up 0.2%

Shares of DTE stock opened at $140.29 on Friday. The stock has a 50 day moving average of $138.40 and a 200 day moving average of $135.87. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock has a market cap of $29.12 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.78 and a beta of 0.42. DTE Energy has a twelve month low of $115.59 and a twelve month high of $143.79.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. As a group, sell-side analysts expect that DTE Energy will post 7.18 EPS for the current year.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the business's stock in a transaction on 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. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On DTE Energy

Institutional investors and hedge funds 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 worth $25,000. Quintet Private Bank Europe S.A. acquired a new position in DTE Energy during the second quarter worth $25,000. Olde Wealth Management LLC acquired a new position in DTE Energy during the first quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DTE Energy during the first quarter worth $28,000. Finally, Global Wealth Strategies & Associates acquired a new position in DTE Energy during the third quarter worth $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.

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