DTE Energy (NYSE:DTE) Given New $146.00 Price Target at Citigroup

DTE Energy (NYSE:DTEGet Rating) had its price objective raised by Citigroup from $134.00 to $146.00 in a report released on Tuesday, The Fly reports. Citigroup’s price objective suggests a potential upside of 11.65% from the stock’s current price.

DTE has been the topic of a number of other reports. Morgan Stanley raised their price target on DTE Energy from $133.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. Credit Suisse Group began coverage on DTE Energy in a research note on Monday, April 25th. They issued a “neutral” rating and a $142.00 price target on the stock. UBS Group cut DTE Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $136.00 to $133.00 in a research note on Friday, March 11th. Argus lifted their target price on DTE Energy from $130.00 to $132.00 in a research report on Thursday, March 10th. Finally, Edward Jones upgraded DTE Energy from a “hold” rating to a “buy” rating in a research report on Thursday, January 13th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $131.64.

Shares of DTE traded up $2.02 during midday trading on Tuesday, hitting $130.76. 1,404,601 shares of the stock were exchanged, compared to its average volume of 1,089,274. DTE Energy has a 52-week low of $107.38 and a 52-week high of $140.23. The stock has a fifty day simple moving average of $130.65 and a 200 day simple moving average of $121.27. The firm has a market cap of $25.33 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.68 and a beta of 0.63. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.51 and a current ratio of 0.64.

DTE Energy (NYSE:DTEGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The utilities provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.23. DTE Energy had a return on equity of 13.58% and a net margin of 5.59%. During the same period in the previous year, the company earned $2.44 EPS. As a group, equities research analysts forecast that DTE Energy will post 5.94 EPS for the current fiscal year.

In other DTE Energy news, SVP Joann Chavez sold 500 shares of the business’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $116.58, for a total value of $58,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $124.99, for a total transaction of $74,994.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,350 shares of company stock valued at $537,461 over the last 90 days. Insiders own 0.61% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Tsfg LLC lifted its stake in DTE Energy by 73.5% during the fourth quarter. Tsfg LLC now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. City State Bank bought a new position in DTE Energy during the fourth quarter worth $30,000. FSB Premier Wealth Management Inc. bought a new stake in DTE Energy in the fourth quarter valued at $46,000. Moors & Cabot Inc. bought a new stake in DTE Energy in the third quarter valued at $48,000. Finally, Widmann Financial Services Inc. bought a new stake in DTE Energy in the fourth quarter valued at $49,000. 72.21% of the stock is owned by institutional investors.

DTE Energy Company Profile (Get Rating)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 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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