Morgan Stanley Has Lowered Expectations for DTE Energy (NYSE:DTE) Stock Price

DTE Energy (NYSE:DTE) had its target price decreased by Morgan Stanley from $131.00 to $128.00 in a research note released on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the utilities provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 target price on the stock. Scotiabank lifted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. KeyCorp upped their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Trading Up 0.4 %

Shares of DTE Energy stock opened at $125.14 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The stock’s 50 day simple moving average is $124.63 and its 200-day simple moving average is $119.76. The stock has a market cap of $25.92 billion, a P/E ratio of 16.96, a P/E/G ratio of 2.30 and a beta of 0.68. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66.

Institutional Trading of DTE Energy

A number of large investors have recently made changes to their positions in DTE. Legacy Investment Solutions LLC acquired a new stake in DTE Energy during the 3rd quarter worth $30,000. Ridgewood Investments LLC acquired a new stake in shares of DTE Energy during the second quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new position in shares of DTE Energy during the third quarter worth about $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at about $35,000. Finally, Coastline Trust Co purchased a new stake in DTE Energy during the 3rd quarter valued at approximately $39,000. 76.06% of the stock is 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.