KeyCorp Reiterates “Buy” Rating for DTE Energy (DTE)
DTE Energy (NYSE:DTE)‘s stock had its “buy” rating reissued by KeyCorp in a report issued on Friday. They presently have a $118.50 target price on the utilities provider’s stock. KeyCorp’s price target points to a potential upside of 4.30% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Bank of America assumed coverage on DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price target for the company. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Credit Suisse Group cut their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Finally, Jefferies Group restated a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $112.19.
Shares of DTE Energy (DTE) opened at $113.62 on Friday. DTE Energy has a 12 month low of $95.23 and a 12 month high of $116.74. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $20,418.21, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 3.42 and a beta of 0.23.
DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts expect that DTE Energy will post 5.54 earnings per share for the current fiscal year.
In other news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the completion of the transaction, the chairman now owns 83,000 shares in the company, valued at $9,373,190. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vantage Investment Advisors LLC grew its position in DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 10 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in DTE Energy by 0.6% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 4,738 shares of the utilities provider’s stock worth $501,000 after acquiring an additional 29 shares in the last quarter. First Allied Advisory Services Inc. grew its position in DTE Energy by 0.4% in the second quarter. First Allied Advisory Services Inc. now owns 9,494 shares of the utilities provider’s stock worth $1,006,000 after acquiring an additional 38 shares in the last quarter. Veritable L.P. grew its position in DTE Energy by 0.9% in the second quarter. Veritable L.P. now owns 6,021 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 51 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its position in DTE Energy by 0.4% in the second quarter. Commonwealth Bank of Australia now owns 19,068 shares of the utilities provider’s stock worth $2,015,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 68.41% of the company’s stock.
DTE Energy Company Profile
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