DTE Energy Co (DTE) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of DTE Energy Co (NYSE:DTE) have been given a consensus recommendation of “Hold” by the twelve research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $112.50.
A number of brokerages have issued reports on DTE. KeyCorp increased their price target on DTE Energy from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded DTE Energy from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Tuesday, October 9th. Barclays began coverage on DTE Energy in a research note on Wednesday, August 15th. They issued an “equal weight” rating and a $116.00 price target for the company. Howard Weil began coverage on DTE Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $115.00 price target for the company. Finally, Guggenheim reiterated a “buy” rating and issued a $114.00 price target on shares of DTE Energy in a research note on Monday, July 23rd.
In other DTE Energy news, insider Peter B. Oleksiak sold 1,000 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $108.39, for a total transaction of $108,390.00. Following the completion of the transaction, the insider now owns 28,555 shares of the company’s stock, valued at approximately $3,095,076.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $107.49, for a total transaction of $45,790.74. Following the transaction, the vice president now directly owns 2,250 shares of the company’s stock, valued at approximately $241,852.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,226 shares of company stock valued at $1,674,057 in the last three months. Insiders own 0.59% of the company’s stock.
Shares of DTE stock opened at $111.24 on Wednesday. DTE Energy has a 52-week low of $94.25 and a 52-week high of $116.74. The company has a quick ratio of 0.89, a current ratio of 1.16 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $19.84 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 3.32 and a beta of 0.11.
DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.23. DTE Energy had a return on equity of 10.63% and a net margin of 8.58%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business posted $1.07 EPS. Analysts expect that DTE Energy will post 6.16 EPS for the current year.
About DTE Energy
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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