DTE Energy (NYSE:DTE) Given New $136.00 Price Target at KeyCorp

DTE Energy (NYSE:DTE) had its target price upped by KeyCorp from $130.00 to $136.00 in a research note released on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the utilities provider’s stock.

Other analysts also recently issued reports about the company. Wells Fargo & Company raised their target price on DTE Energy from $125.00 to $133.00 and gave the stock an overweight rating in a research note on Friday, July 26th. Scotiabank raised their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a sector outperform rating in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a buy rating and a $131.00 target price on the stock. Bank of America increased their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company a buy rating in a research note on Thursday, August 29th. Finally, Morgan Stanley lifted their price target on shares of DTE Energy from $121.00 to $128.00 and gave the company an overweight rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, DTE Energy presently has an average rating of Moderate Buy and a consensus target price of $128.67.

DTE Energy Stock Down 0.9 %

Shares of NYSE DTE opened at $127.56 on Monday. The stock has a market cap of $26.40 billion, a PE ratio of 20.88, a P/E/G 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 has a 12-month low of $90.14 and a 12-month high of $129.53. The company has a 50-day moving average of $123.75 and a 200 day moving average of $115.98.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm posted $0.99 EPS. As a group, sell-side analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Czech National Bank grew its stake in shares of DTE Energy by 6.9% in the third quarter. Czech National Bank now owns 42,172 shares of the utilities provider’s stock valued at $5,415,000 after buying an additional 2,739 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in DTE Energy by 8.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 3,947 shares of the utilities provider’s stock valued at $507,000 after acquiring an additional 313 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in DTE Energy by 44.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,194 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 982 shares during the period. Sanctuary Advisors LLC purchased a new stake in DTE Energy during the second quarter worth about $2,736,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of DTE Energy during the second quarter worth about $201,000. 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.