DTE Energy (NYSE:DTE) Rating Increased to Hold at Wall Street Zen

Key Points

• DTE Energy has been upgraded by Wall Street Zen from a "sell" to a "hold" rating, indicating a shift in investor sentiment.
• Several analysts have raised their price targets for DTE Energy, with a consensus rating of "Moderate Buy" and an average target price of $143.38.
• During its last quarterly earnings report, DTE Energy missed EPS expectations but exceeded revenue estimates, reporting $2.91 billion in revenue.

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

Several other brokerages have also weighed in on DTE. Morgan Stanley set a $140.00 price objective on DTE Energy and gave the stock an "overweight" rating in a report on Thursday, August 21st. BMO Capital Markets increased their price target on shares of DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Barclays upped their price objective on DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Finally, Citigroup reaffirmed a "buy" rating and issued a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $144.25.

DTE Energy Stock Performance

DTE traded up $0.50 during midday trading on Friday, reaching $136.14. The company's stock had a trading volume of 73,113 shares, compared to its average volume of 1,351,109. 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 company has a fifty day simple moving average of $136.98 and a 200 day simple moving average of $135.13. The stock has a market cap of $28.26 billion, a P/E ratio of 19.59, a PEG ratio of 2.68 and a beta of 0.42. DTE Energy has a twelve month low of $115.59 and a twelve month high of $142.05.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS 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 business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. Research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the transaction, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Keybank National Association OH grew its stake in shares of DTE Energy by 1.6% during the second quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider's stock worth $599,000 after purchasing an additional 72 shares during the period. Atria Investments Inc grew its position in shares of DTE Energy by 0.6% during the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider's stock worth $1,504,000 after buying an additional 72 shares during the period. Graypoint LLC increased its stake in shares of DTE Energy by 3.8% in the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock valued at $279,000 after acquiring an additional 74 shares during the last quarter. UMB Bank n.a. raised its position in shares of DTE Energy by 0.9% in the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock valued at $1,250,000 after acquiring an additional 78 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in DTE Energy by 2.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider's stock worth $542,000 after acquiring an additional 78 shares during the last quarter. 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.