DTE Energy (NYSE:DTE) Stock Rating Upgraded by Wall Street Zen

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

DTE has been the topic of several other reports. Morgan Stanley dropped their price target on shares of DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. BMO Capital Markets upped their price target on DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. Scotiabank reissued a “sector perform” rating and issued a $147.00 price objective on shares of DTE Energy in a research note on Friday. Barclays lifted their target price on DTE Energy from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.00.

DTE Energy Price Performance

NYSE DTE opened at $140.02 on Friday. DTE Energy has a 12 month low of $115.59 and a 12 month high of $142.05. The firm has a market capitalization of $29.07 billion, a PE ratio of 20.15, a P/E/G ratio of 2.78 and a beta of 0.42. The company’s 50 day simple moving average is $138.02 and its 200 day simple moving average is $135.69. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share 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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, equities research analysts forecast that DTE Energy will post 7.18 EPS for the current fiscal year.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On DTE Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DTE. Keybank National Association OH grew its position in DTE Energy by 1.6% in the second quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 72 shares in the last quarter. Atria Investments Inc lifted its stake in shares of DTE Energy by 0.6% in the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after purchasing an additional 72 shares during the last quarter. Graypoint LLC lifted its stake in shares of DTE Energy by 3.8% in the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 74 shares during the last quarter. UMB Bank n.a. boosted its holdings in DTE Energy by 0.9% in the first quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider’s stock worth $1,250,000 after purchasing an additional 78 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in DTE Energy by 2.0% during the first quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock worth $542,000 after buying an additional 78 shares during the last quarter. Institutional investors 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.