DTE Energy (NYSE:DTE) Stock Rating Lowered by StockNews.com

DTE Energy (NYSE:DTE) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other analysts also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a research report on Monday, April 21st. Evercore ISI raised their price target on shares of DTE Energy from $136.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Morgan Stanley raised their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, Guggenheim raised their price target on shares of DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.31.

DTE Energy Stock Up 1.4%

DTE opened at $138.19 on Friday. The firm has a 50 day moving average price of $134.53 and a 200 day moving average price of $127.28. The company has a market cap of $28.68 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. DTE Energy has a 1 year low of $108.40 and a 1 year high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $1.67 earnings per share. Sell-side analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

Insider Buying and Selling at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. This trade represents a 35.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,877 shares of company stock worth $1,559,205. 0.33% of the stock is owned by insiders.

Institutional Investors Weigh In On DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Woodline Partners LP raised its position in DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after acquiring an additional 5,072 shares in the last quarter. Yaupon Capital Management LP raised its position in DTE Energy by 78.9% in the first quarter. Yaupon Capital Management LP now owns 191,200 shares of the utilities provider’s stock worth $26,437,000 after acquiring an additional 84,325 shares in the last quarter. Empowered Funds LLC increased its stake in DTE Energy by 200.7% in the 1st quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares in the last quarter. MBB Public Markets I LLC purchased a new position in DTE Energy in the 1st quarter worth about $322,000. Finally, Ascent Group LLC increased its stake in DTE Energy by 5.1% in the 1st quarter. Ascent Group LLC now owns 13,574 shares of the utilities provider’s stock worth $1,877,000 after purchasing an additional 657 shares in the last quarter. 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.