DTE Energy (NYSE:DTE) had its target price lifted by investment analysts at Evercore ISI from $134.00 to $140.00 in a research note issued on Thursday, PriceTargets.com reports. The brokerage currently has an "in-line" rating on the utilities provider's stock. Evercore ISI's price objective would indicate a potential upside of 1.00% from the company's current price.
Other equities analysts have also issued reports about the stock. UBS Group lowered shares of DTE Energy from a "buy" rating to a "neutral" rating and boosted their target price for the company from $137.00 to $144.00 in a report on Wednesday. Bank of America reiterated a "neutral" rating and issued a $119.00 target price (down from $133.00) on shares of DTE Energy in a report on Monday, March 15th. KeyCorp reiterated a "sector weight" rating on shares of DTE Energy in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of DTE Energy from $148.00 to $151.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Credit Suisse Group decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set a "neutral" rating on the stock in a report on Tuesday, January 19th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus target price of $134.33.
Shares of DTE stock traded up $2.04 on Thursday, reaching $138.62. 3,742 shares of the company were exchanged, compared to its average volume of 925,582. The company has a market cap of $26.85 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 3.03 and a beta of 0.55. The business has a 50-day moving average price of $133.77 and a 200 day moving average price of $125.66. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.88 and a current ratio of 1.12. DTE Energy has a 1 year low of $92.39 and a 1 year high of $141.98.
DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Monday, April 26th. The utilities provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. DTE Energy had a net margin of 11.30% and a return on equity of 11.43%. During the same quarter in the previous year, the firm posted $1.66 earnings per share. As a group, equities analysts anticipate that DTE Energy will post 7.02 earnings per share for the current year.
In related news, CAO Mark C. Rolling sold 2,389 shares of the company's stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $124.45, for a total transaction of $297,311.05. Following the sale, the chief accounting officer now directly owns 11,000 shares of the company's stock, valued at approximately $1,368,950. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Thomas acquired 395 shares of the company's stock in a transaction on Wednesday, February 24th. The stock was purchased at an average cost of $126.56 per share, for a total transaction of $49,991.20. Following the completion of the transaction, the director now owns 2,068 shares in the company, valued at approximately $261,726.08. The disclosure for this purchase can be found here. 0.57% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in DTE. Boston Partners increased its position in shares of DTE Energy by 171.6% in the 4th quarter. Boston Partners now owns 1,712,341 shares of the utilities provider's stock valued at $207,895,000 after purchasing an additional 1,081,883 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of DTE Energy by 220.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,129,299 shares of the utilities provider's stock valued at $137,108,000 after purchasing an additional 777,419 shares during the last quarter. Jennison Associates LLC increased its position in shares of DTE Energy by 75.7% in the 4th quarter. Jennison Associates LLC now owns 868,494 shares of the utilities provider's stock valued at $105,444,000 after purchasing an additional 374,222 shares during the last quarter. LNZ Capital LP purchased a new stake in shares of DTE Energy in the 4th quarter valued at approximately $20,761,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of DTE Energy by 1,578.7% in the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 165,515 shares of the utilities provider's stock valued at $22,037,000 after purchasing an additional 155,655 shares during the last quarter. 73.56% of the stock is currently owned by institutional investors.
DTE Energy Company Profile
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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