DTE Energy Company (DTE) – What Are Analysts Saying About This Stock?

Shares of DTE Energy Company (NYSE:DTE) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $149.07.

Several research analysts have commented on DTE shares. JPMorgan Chase & Co. raised their target price on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Mizuho cut their price target on shares of DTE Energy from $152.00 to $136.00 and set an “outperform” rating on the stock in a report on Monday, September 28th. Morgan Stanley reduced their price target on shares of DTE Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. HSBC initiated coverage on shares of DTE Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $135.00 price objective for the company. Finally, Barclays lowered their price objective on shares of DTE Energy from $154.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th.

DTE Energy Trading Down 0.1%

NYSE:DTE opened at $131.79 on Tuesday. The stock has a fifty day simple moving average of $130.90 and a 200 day simple moving average of $140.73. The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.71 and a beta of 0.36. DTE Energy has a 1-year low of $119.68 and a 1-year high of $155.74. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Sell-side analysts forecast that DTE Energy will post 7.70 earnings per share for the current year.

Insider Activity at DTE Energy

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider owned 73,122 shares in the company, valued at approximately $9,923,386.62. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DTE Energy

Several hedge funds have recently bought and sold shares of DTE. Oregon Public Employees Retirement Fund boosted its stake in shares of DTE Energy by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock worth $3,481,000 after buying an additional 71 shares during the last quarter. Whittier Trust Co. increased its position in DTE Energy by 3.5% during the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock valued at $328,000 after acquiring an additional 75 shares during the last quarter. Prosperity Consulting Group LLC increased its position in DTE Energy by 1.2% during the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after acquiring an additional 76 shares during the last quarter. MeadowBrook Investment Advisors LLC increased its position in DTE Energy by 3.6% during the first quarter. MeadowBrook Investment Advisors LLC now owns 2,504 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 88 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in DTE Energy by 5.7% in the second quarter. Versant Capital Management Inc now owns 1,756 shares of the utilities provider’s stock valued at $268,000 after acquiring an additional 94 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

About DTE Energy

DTE Energy Co is a Detroit-based energy holding company that operates through regulated utility businesses and other energy-related activities. Its principal subsidiaries are DTE Electric and DTE Gas, which provide electricity and natural gas to residential, commercial and industrial customers across southeastern Michigan.

DTE Electric generates, transmits and distributes electricity, while DTE Gas transports and distributes natural gas through an extensive pipeline network. The company is also involved in renewable energy, energy services, natural gas storage and pipeline operations, and other nonutility activities designed to support the broader energy system.

DTE Energy traces its roots to the Detroit Edison Company, which was established in 1903 to serve the Detroit area.