DTE Energy (NYSE:DTE) Short Interest Update

DTE Energy (NYSE:DTE) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,210,000 shares, a decline of 16.0% from the October 15th total of 2,630,000 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is presently 2.0 days.

DTE Energy Stock Performance

NYSE:DTE opened at $120.09 on Monday. The stock has a fifty day moving average price of $124.90 and a 200-day moving average price of $119.37. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.22 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a fifty-two week low of $101.44 and a fifty-two week high of $131.66.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Mizuho boosted their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. LADENBURG THALM/SH SH assumed coverage on DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price on the stock. Barclays boosted their target price on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Morgan Stanley boosted their price target on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets boosted their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.46.

Institutional Trading of DTE Energy

A number of institutional investors have recently modified their holdings of DTE. ESL Trust Services LLC bought a new stake in shares of DTE Energy during the 1st quarter valued at $27,000. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth $30,000. Ridgewood Investments LLC bought a new stake in shares of DTE Energy during the 2nd quarter worth $31,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth $35,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth $35,000. 76.06% of the stock is currently owned by institutional investors.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.