DTE Energy (NYSE:DTE) Price Target Raised to $135.00

DTE Energy (NYSE:DTE) had its price target boosted by investment analysts at BMO Capital Markets from $125.00 to $135.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 3.55% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Morgan Stanley dropped their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Scotiabank increased their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $135.83.

DTE Energy Price Performance

DTE stock opened at $130.38 on Tuesday. The company has a fifty day moving average price of $121.73 and a 200-day moving average price of $123.21. The company has a market capitalization of $27.02 billion, a P/E ratio of 19.26, a PEG ratio of 2.37 and a beta of 0.68. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66. 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 released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, equities analysts expect that DTE Energy will post 7.18 EPS for the current year.

Institutional Investors Weigh In On DTE Energy

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in shares of DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after buying an additional 211,763 shares during the last quarter. Patton Albertson Miller Group LLC grew its holdings in shares of DTE Energy by 7.6% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock valued at $5,667,000 after buying an additional 3,306 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of DTE Energy by 80.0% during the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after buying an additional 5,725 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of DTE Energy during the third quarter valued at about $650,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of DTE Energy during the third quarter valued at about $583,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.