BMO Capital Markets Increases DTE Energy (NYSE:DTE) Price Target to $113.00

DTE Energy (NYSE:DTE) had its price target increased by BMO Capital Markets from $111.00 to $113.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 6.12% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Barclays raised their target price on shares of DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. Wolfe Research cut shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Morgan Stanley lifted their price target on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, TheStreet upgraded shares of DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $114.56.

DTE Energy Stock Up 1.1 %

Shares of DTE Energy stock opened at $106.48 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. DTE Energy has a 52-week low of $90.14 and a 52-week high of $116.73. The stock has a market capitalization of $22.03 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.57 and a beta of 0.64. The company’s 50 day moving average price is $108.66 and its 200-day moving average price is $105.56.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.01. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter last year, the business earned $1.31 earnings per share. Equities research analysts forecast that DTE Energy will post 6.7 EPS for the current year.

Insider Transactions at DTE Energy

In other news, COO Robert A. Richard sold 4,800 shares of DTE Energy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the completion of the transaction, the chief operating officer now owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Robert A. Richard sold 4,800 shares of DTE Energy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the completion of the sale, the chief operating officer now owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock valued at $2,168,183 in the last quarter. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On DTE Energy

Several large investors have recently bought and sold shares of the business. Founders Financial Securities LLC bought a new stake in DTE Energy in the 1st quarter worth about $802,000. Foguth Wealth Management LLC. bought a new stake in DTE Energy in the 1st quarter worth about $255,000. Wealth Enhancement Advisory Services LLC increased its holdings in DTE Energy by 15.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,990 shares of the utilities provider’s stock worth $1,569,000 after buying an additional 1,911 shares in the last quarter. Procyon Advisors LLC bought a new stake in DTE Energy in the 1st quarter worth about $1,032,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of DTE Energy during the 1st quarter valued at about $225,000. 76.06% of the stock is currently owned by institutional investors.

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.