DTE Energy (NYSE:DTE) Raised to "Hold" at Wall Street Zen

Key Points

• DTE Energy has been upgraded from a "sell" rating to a "hold" rating by investment analysts at Wall Street Zen.
• Barclays and Wells Fargo & Company recently raised their target prices for DTE Energy, with Barclays setting it at $138.00 and Wells Fargo at $154.00.
• DTE Energy's current consensus rating is "Moderate Buy," with an average target price of $142.29 according to MarketBeat.

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 research report issued to clients and investors on Sunday.

A number of other equities research analysts have also recently commented on DTE. Barclays increased their target price on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Wells Fargo & Company increased their target price on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley reduced their target price on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Finally, BMO Capital Markets increased their target price on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research report on Monday, April 21st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of "Moderate Buy" and a consensus target price of $142.29.

DTE Energy Stock Performance

NYSE DTE traded up $0.4370 during mid-day trading on Friday, reaching $140.1670. 298,983 shares of the stock were exchanged, compared to its average volume of 1,390,500. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The company has a market capitalization of $29.10 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.73 and a beta of 0.42. DTE Energy has a 1 year low of $115.59 and a 1 year high of $142.05. The business's 50 day moving average is $135.56 and its 200-day moving average is $133.96.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $2.91 billion for 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%. On average, equities research analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in DTE Energy by 5.1% during the first quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider's stock worth $303,000 after buying an additional 107 shares during the period. Oppenheimer & Co. Inc. boosted its stake in DTE Energy by 17.7% during the first quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider's stock worth $293,000 after buying an additional 318 shares during the period. Fifth Third Bancorp boosted its stake in shares of DTE Energy by 3.5% in the first quarter. Fifth Third Bancorp now owns 7,705 shares of the utilities provider's stock valued at $1,065,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC boosted its stake in shares of DTE Energy by 8.3% in the first quarter. GAMMA Investing LLC now owns 8,560 shares of the utilities provider's stock valued at $1,184,000 after purchasing an additional 658 shares during the period. Finally, Brown Advisory Inc. purchased a new position in shares of DTE Energy in the first quarter valued at approximately $282,000. 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.