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" rating to a "hold" rating.
• Analysts have varied ratings for DTE, with seven giving it a "buy" and six a "hold," while the stock price target has an average set at $146.08.
• Despite reporting earnings that missed expectations, DTE Energy had a revenue of $2.91 billion, exceeding estimates of $2.67 billion for the quarter.

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

A number of other brokerages have also recently weighed in on DTE. UBS Group lifted their price objective on shares of DTE Energy from $148.00 to $158.00 and gave the company a "buy" rating in a report on Friday, October 10th. Weiss Ratings restated a "buy (b-)" rating on shares of DTE Energy in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. BMO Capital Markets lifted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Finally, Barclays lifted their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the company an "equal weight" rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $146.08.

DTE Energy Price Performance

Shares of DTE opened at $141.99 on Friday. DTE Energy has a 1-year low of $115.59 and a 1-year high of $143.79. The stock has a market cap of $29.48 billion, a PE ratio of 20.43, a P/E/G ratio of 3.04 and a beta of 0.42. The firm has a 50-day simple moving average of $138.55 and a two-hundred day simple moving average of $136.02. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. As a group, analysts forecast that DTE Energy will post 7.18 EPS for the current year.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy 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 completion of the transaction, the vice president owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH lifted its position in shares of DTE Energy by 1.6% during the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider's stock worth $599,000 after buying an additional 72 shares during the last quarter. Atria Investments Inc lifted 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 last quarter. Graypoint LLC lifted its position in shares of DTE Energy by 3.8% during the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider's stock worth $279,000 after buying an additional 74 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of 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 buying an additional 78 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of DTE Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider's stock worth $630,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Company Profile

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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