DTE Energy (NYSE:DTE) Upgraded by UBS Group to “Buy” Rating

DTE Energy (NYSE:DTE) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a report issued on Tuesday, MarketBeat reports. The brokerage presently has a $143.00 target price on the utilities provider’s stock, up from their prior target price of $129.00. UBS Group’s target price would indicate a potential upside of 16.96% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. Scotiabank lifted their price objective 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. Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. LADENBURG THALM/SH SH started coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.54.

DTE Energy Stock Down 0.6 %

NYSE DTE opened at $122.26 on Tuesday. The stock’s 50 day moving average is $124.56 and its 200 day moving average is $120.16. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66. The stock has a market cap of $25.32 billion, a PE ratio of 16.57, a P/E/G ratio of 2.28 and a beta of 0.68.

Hedge Funds Weigh In On DTE Energy

Hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in DTE Energy in the 3rd quarter valued at $30,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy in the 3rd quarter worth $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy in the 3rd quarter worth $35,000. Ridgewood Investments LLC purchased a new stake in shares of DTE Energy in the 2nd quarter worth $31,000. Finally, Coastline Trust Co purchased a new stake in shares of DTE Energy in the 3rd quarter worth $39,000. Institutional investors own 76.06% of the company’s stock.

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.