Morgan Stanley Lowers DTE Energy (NYSE:DTE) Price Target to $134.00

DTE Energy (NYSE:DTE - Get Free Report) had its price objective dropped by stock analysts at Morgan Stanley from $136.00 to $134.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the utilities provider's stock. Morgan Stanley's price target indicates a potential downside of 1.58% from the company's current price.

A number of other equities analysts have also weighed in on DTE. BMO Capital Markets upped their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. StockNews.com lowered shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Wells Fargo & Company boosted their target price on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.15.

DTE Energy Stock Performance

DTE opened at $136.15 on Thursday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The company has a market capitalization of $28.25 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. The business has a fifty day simple moving average of $134.80 and a 200 day simple moving average of $127.56. DTE Energy has a 1 year low of $108.40 and a 1 year high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same period last year, the firm posted $1.67 earnings per share. Research analysts expect that DTE Energy will post 7.18 EPS for the current year.

Insider Activity at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by insiders.

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DTE. Allworth Financial LP raised its stake in shares of DTE Energy by 16.0% in the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock valued at $293,000 after acquiring an additional 336 shares during the period. Jones Financial Companies Lllp increased its holdings in DTE Energy by 72.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,295 shares of the utilities provider's stock worth $760,000 after purchasing an additional 2,642 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of DTE Energy by 39.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,742 shares of the utilities provider's stock worth $693,000 after buying an additional 1,618 shares during the period. Patton Albertson Miller Group LLC grew its position in shares of DTE Energy by 7.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after buying an additional 3,306 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of DTE Energy by 4.4% during the fourth quarter. M&T Bank Corp now owns 9,432 shares of the utilities provider's stock valued at $1,139,000 after buying an additional 395 shares during the period. 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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