DTE Energy (NYSE:DTE) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• DTE Energy received a "buy (B-)" rating from Weiss Ratings, reflecting positive analyst sentiment amid stock performance developments.
• Several analysts have increased their price targets for DTE Energy, with a consensus target of $148.60 and a majority rating it as a "Moderate Buy."
• DTE Energy's shares recently opened at $141.77 and demonstrated a 1-year high of $143.79, alongside financial metrics like a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other analysts also recently issued reports about the stock. BMO Capital Markets boosted 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. UBS Group raised their price objective on shares of DTE Energy from $148.00 to $158.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Scotiabank reissued a "sector perform" rating and set a $147.00 target price on shares of DTE Energy in a report on Friday, October 3rd. Morgan Stanley increased their price target on DTE Energy from $137.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $148.60.

DTE Energy Stock Up 0.2%

Shares of DTE Energy stock opened at $141.77 on Friday. 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 has a 1-year low of $115.59 and a 1-year high of $143.79. The business's fifty day moving average price is $138.78 and its two-hundred day moving average price is $136.36. The company has a market capitalization of $29.43 billion, a P/E ratio of 20.40, a PEG ratio of 3.03 and a beta of 0.42.

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 net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, research analysts forecast that DTE Energy will post 7.18 EPS for the current year.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the 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 completion of the sale, the vice president owned 4,153 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new position in shares of DTE Energy in the 1st quarter valued at $25,000. Quintet Private Bank Europe S.A. purchased a new stake in DTE Energy during the second quarter valued at about $25,000. Olde Wealth Management LLC acquired a new position in shares of DTE Energy in the first quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DTE Energy in the first quarter worth approximately $28,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of DTE Energy in the third quarter worth approximately $28,000. 76.06% of the stock is owned by institutional investors and hedge funds.

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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