DTE Energy (NYSE:DTE - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Several other analysts have also recently issued reports on DTE. Barclays upped their price objective on DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Wall Street Zen upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Morgan Stanley decreased their price target on DTE Energy from $140.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. BMO Capital Markets increased their price target on DTE Energy from $140.00 to $144.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Finally, Scotiabank restated a "sector perform" rating and set a $147.00 price target on shares of DTE Energy in a report on Friday, October 3rd. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.00.
Check Out Our Latest Research Report on DTE
DTE Energy Price Performance
Shares of DTE traded down $0.83 during mid-day trading on Wednesday, hitting $141.58. 1,182,101 shares of the stock were exchanged, compared to its average volume of 1,071,612. The company has a market cap of $29.39 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.42. DTE Energy has a 52-week low of $115.59 and a 52-week high of $143.79. The firm has a 50-day moving average of $138.32 and a two-hundred day moving average of $135.80. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94.
DTE Energy (NYSE:DTE - Get Free Report) last issued 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 firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. On average, equities analysts predict that DTE Energy will post 7.18 earnings per share for the current year.
Insider Activity
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 transaction, the vice president owned 4,153 shares of the company's stock, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company's stock.
Hedge Funds Weigh In On DTE Energy
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of DTE Energy during the 1st quarter worth $25,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of DTE Energy during the 2nd quarter worth $25,000. Olde Wealth Management LLC purchased a new stake in shares of DTE Energy during the 1st quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DTE Energy during the 1st quarter worth $28,000. Finally, Global Wealth Strategies & Associates purchased a new stake in shares of DTE Energy during the 3rd quarter worth $28,000. Institutional investors own 76.06% of the company's stock.
About DTE Energy
(
Get Free Report)
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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