DTE Energy (NYSE:DTE) Hits New 52-Week High at $127.63

DTE Energy (NYSE:DTE)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $127.63 and last traded at $127.04, with a volume of 92327 shares trading hands. The stock had previously closed at $125.58.

Analyst Upgrades and Downgrades

Several brokerages have commented on DTE. Mizuho boosted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. KeyCorp boosted their price target on DTE Energy from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Barclays raised their price objective on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Scotiabank boosted their target price on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Bank of America increased their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.17.

DTE Energy Stock Performance

The company’s 50-day simple moving average is $122.64 and its 200-day simple moving average is $115.36. The stock has a market capitalization of $26.35 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.32 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

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

Institutional Trading of DTE Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its stake in shares of DTE Energy by 3.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after purchasing an additional 94 shares during the last quarter. ASB Consultores LLC boosted its position in 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 grew its holdings in DTE Energy by 2.9% during the 1st quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock worth $423,000 after acquiring an additional 106 shares during the period. S.A. Mason LLC raised its position in shares of DTE Energy by 10.5% in the 2nd 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 in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of DTE Energy by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock worth $4,700,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.