DTE Energy (NYSE:DTE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $116.00 price target on the utilities provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.39% from the company’s previous close.

According to Zacks, “In last one year DTE Energy’s share price outperformed the broader industry’s rally. The company's focus on improving its cost structure and making capital investments in renewable generation, utility infrastructure and environmental compliance assets is impressive. Currently, DTE Energy plans to invest $6.5 billion over the next 10 years for maintaining and upgrading the reliability of its electric utility systems. Apart from its utility operation, it also continues to make progress on its non-utility business, which provides diversity to its earnings stream. However, increasingly stringent government regulations for curbing emissions and operational risks remain major concerns. “

Several other analysts have also issued reports on DTE. Guggenheim reissued a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research report on Wednesday, January 3rd. Credit Suisse Group lowered their price target on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Bank of America assumed coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price target on the stock. KeyCorp reissued a “buy” rating and issued a $118.50 price target on shares of DTE Energy in a research report on Friday, December 15th. Finally, Wells Fargo & Co raised shares of DTE Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. DTE Energy currently has an average rating of “Buy” and an average price target of $114.39.

DTE Energy (DTE) opened at $104.14 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. The firm has a market cap of $18,642.24, a PE ratio of 19.07, a price-to-earnings-growth ratio of 3.00 and a beta of 0.23. DTE Energy has a 52 week low of $96.56 and a 52 week high of $116.74.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm earned $1.96 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts anticipate that DTE Energy will post 5.54 EPS for the current year.

In related news, Chairman Gerard M. Anderson sold 12,389 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the sale, the chairman now owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. First Allied Advisory Services Inc. increased its holdings in DTE Energy by 0.4% during the 2nd 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 during the period. Veritable L.P. increased its holdings in DTE Energy by 0.9% during the 2nd quarter. Veritable L.P. now owns 6,021 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 51 shares during the period. M&T Bank Corp increased its holdings in DTE Energy by 0.7% during the 2nd quarter. M&T Bank Corp now owns 10,120 shares of the utilities provider’s stock worth $1,071,000 after acquiring an additional 71 shares during the period. D.A. Davidson & CO. increased its holdings in DTE Energy by 36.1% during the 2nd quarter. D.A. Davidson & CO. now owns 1,497 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 397 shares during the period. Finally, Monroe Bank & Trust MI increased its holdings in DTE Energy by 11.7% during the 3rd quarter. Monroe Bank & Trust MI now owns 4,306 shares of the utilities provider’s stock worth $424,000 after acquiring an additional 451 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

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