DTE Energy (NYSE:DTE) Upgraded to “Hold” at Wall Street Zen

DTE Energy (NYSE:DTE) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

DTE has been the topic of a number of other research reports. Barclays raised their target price on DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on DTE Energy from $145.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. BMO Capital Markets lifted their price objective on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. Finally, Evercore ISI lifted their price objective on DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average target price of $142.29.

DTE Energy Price Performance

Shares of DTE opened at $138.88 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. DTE Energy has a 1 year low of $115.59 and a 1 year high of $141.54. The stock has a market cap of $28.83 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. The stock’s 50-day moving average price is $135.39 and its two-hundred day moving average price is $133.69.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total value of $224,848.00. Following the sale, the vice president owned 4,153 shares of the company’s stock, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DTE. Mariner LLC increased its position in shares of DTE Energy by 16.7% during the 4th quarter. Mariner LLC now owns 48,256 shares of the utilities provider’s stock worth $5,827,000 after purchasing an additional 6,896 shares during the last quarter. Jump Financial LLC increased its position in shares of DTE Energy by 6.1% during the 4th quarter. Jump Financial LLC now owns 6,396 shares of the utilities provider’s stock worth $772,000 after purchasing an additional 370 shares during the last quarter. United Capital Financial Advisors LLC increased its position in shares of DTE Energy by 8.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,045 shares of the utilities provider’s stock worth $730,000 after purchasing an additional 476 shares during the last quarter. Zacks Investment Management increased its position in shares of DTE Energy by 18.8% during the 4th quarter. Zacks Investment Management now owns 2,308 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 365 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of DTE Energy by 4.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 104,067 shares of the utilities provider’s stock worth $12,562,000 after purchasing an additional 4,243 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Company Profile

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.