Brokerages Set DTE Energy (NYSE:DTE) Price Target at $131.46

Shares of DTE Energy (NYSE:DTE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $131.46.

Several brokerages have issued reports on DTE. Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Scotiabank upped their price objective on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Bank of America upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. UniSuper Management Pty Ltd boosted its stake in shares of DTE Energy by 407.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after purchasing an additional 8,603 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in DTE Energy by 9.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after buying an additional 11,218 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in DTE Energy by 12.6% during the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock worth $42,836,000 after acquiring an additional 42,635 shares during the period. Cetera Advisors LLC purchased a new position in shares of DTE Energy in the 1st quarter worth about $708,000. Finally, Cetera Investment Advisers boosted its stake in DTE Energy by 242.0% in the first quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock valued at $3,286,000 after acquiring an additional 20,737 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Price Performance

NYSE:DTE opened at $123.86 on Tuesday. The company has a 50-day moving average of $124.69 and a 200-day moving average of $119.54. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The company has a market capitalization of $25.65 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.24 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.

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.