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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTE. Valeo Financial Advisors LLC lifted its holdings in shares of DTE Energy by 89.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,550 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 731 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of DTE Energy by 5.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 18,625 shares of the utilities provider’s stock valued at $1,923,000 after acquiring an additional 965 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of DTE Energy by 20.4% in the 2nd quarter. Toronto Dominion Bank now owns 116,458 shares of the utilities provider’s stock valued at $12,067,000 after acquiring an additional 19,760 shares during the last quarter. Standard Life Aberdeen plc lifted its holdings in shares of DTE Energy by 49.0% in the 2nd quarter. Standard Life Aberdeen plc now owns 84,510 shares of the utilities provider’s stock valued at $8,759,000 after acquiring an additional 27,792 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC bought a new position in shares of DTE Energy in the 2nd quarter valued at about $729,000. 70.93% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for DTE Energy (NYSE:DTE)

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