DTE Energy (NYSE:DTE) Receives $130.54 Consensus PT from Analysts

DTE Energy (NYSE:DTE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $131.46.

A number of research firms have recently weighed in on DTE. KeyCorp increased their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Scotiabank lifted their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Mizuho upped their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Barclays lifted their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th.

DTE Energy Stock Down 2.5 %

Shares of DTE stock opened at $126.57 on Friday. DTE Energy has a fifty-two week low of $92.58 and a fifty-two week high of $131.66. The firm has a market capitalization of $26.19 billion, a PE ratio of 20.72, a P/E/G ratio of 2.29 and a beta of 0.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The stock’s 50-day simple moving average is $125.77 and its 200-day simple moving average is $118.01.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company earned $0.99 EPS. Equities analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

Hedge Funds Weigh In On DTE Energy

A number of large investors have recently added to or reduced their stakes in DTE. Signaturefd LLC increased its stake in shares of DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after buying an additional 94 shares in the last quarter. ASB Consultores LLC raised its holdings in shares of DTE Energy by 4.9% during the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 101 shares during the last quarter. TIAA Trust National Association lifted its position in shares of DTE Energy by 2.9% in the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after acquiring an additional 106 shares in the last quarter. Finally, S.A. Mason LLC boosted its stake in shares of DTE Energy by 10.5% in the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 106 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.