DTE Energy (NYSE:DTE) PT Raised to $119.00

DTE Energy (NYSE:DTE) had its price objective raised by research analysts at Barclays from $115.00 to $119.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 6.90% from the stock’s current price.

Several other brokerages also recently weighed in on DTE. KeyCorp boosted their target price on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Morgan Stanley upped their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Wolfe Research downgraded shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. BMO Capital Markets upped their price objective on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.50.

DTE Energy Trading Up 0.9 %

Shares of DTE stock opened at $111.32 on Tuesday. The firm has a 50-day moving average price of $109.31 and a 200 day moving average price of $106.49. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.76 and a beta of 0.64. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. Research analysts forecast that DTE Energy will post 6.69 earnings per share for the current fiscal year.

Insider Transactions at DTE Energy

In other news, COO Matthew T. Paul sold 5,850 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the transaction, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,095 shares of company stock worth $2,168,183. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DTE Energy

A number of institutional investors and hedge funds have recently bought and sold shares of DTE. Boston Partners grew its position in shares of DTE Energy by 66.8% during the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock worth $280,247,000 after buying an additional 1,018,212 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of DTE Energy by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock worth $509,081,000 after buying an additional 724,561 shares in the last quarter. Point72 Asset Management L.P. bought a new position in DTE Energy during the fourth quarter worth $74,478,000. Capital Research Global Investors lifted its stake in DTE Energy by 1.9% during the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock worth $2,308,076,000 after purchasing an additional 399,646 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in DTE Energy by 109.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 555,072 shares of the utilities provider’s stock worth $61,202,000 after purchasing an additional 289,663 shares during the last quarter. Hedge funds and other 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.