DTE Energy (NYSE:DTE) Price Target Raised to $147.00

DTE Energy (NYSE:DTE - Get Free Report) had its price target boosted by research analysts at JPMorgan Chase & Co. from $145.00 to $147.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 10.43% from the stock's current price.

A number of other analysts have also weighed in on DTE. BMO Capital Markets increased their target price 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. Barclays cut their price target on DTE Energy from $137.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Wall Street Zen lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Morgan Stanley cut their target price on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Finally, Guggenheim increased their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, DTE Energy currently has an average rating of "Moderate Buy" and a consensus target price of $141.40.

DTE Energy Price Performance

DTE stock traded down $1.04 during midday trading on Tuesday, hitting $133.11. The company's stock had a trading volume of 495,792 shares, compared to its average volume of 1,295,027. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $27.62 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.43 and a beta of 0.44. DTE Energy has a 12 month low of $112.65 and a 12 month high of $140.39. The company has a 50 day moving average of $134.12 and a two-hundred day moving average of $130.81.

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

Institutional Investors Weigh In On DTE Energy

Several large investors have recently bought and sold shares of DTE. EverSource Wealth Advisors LLC increased its holdings in shares of DTE Energy by 8.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock valued at $146,000 after acquiring an additional 90 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in DTE Energy by 18.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 13,904 shares of the utilities provider's stock valued at $1,679,000 after purchasing an additional 2,211 shares in the last quarter. Natixis Advisors LLC increased its position in DTE Energy by 2.4% during the fourth quarter. Natixis Advisors LLC now owns 101,431 shares of the utilities provider's stock worth $12,248,000 after buying an additional 2,409 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in DTE Energy by 4.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,853 shares of the utilities provider's stock worth $707,000 after buying an additional 233 shares in the last quarter. Finally, GWN Securities Inc. purchased a new stake in shares of DTE Energy in the fourth quarter valued at $211,000. Hedge funds and other institutional investors 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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