DTE Energy (NYSE:DTE) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of DTE Energy (NYSE:DTE) in a research note published on Monday morning, MarketBeat reports. The brokerage issued a hold rating and a $137.00 price objective on the utilities provider’s stock.

Other equities research analysts have also issued reports about the stock. Scotiabank lifted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America lifted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. BMO Capital Markets lifted their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Morgan Stanley lifted their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $130.54.

DTE Energy Price Performance

DTE Energy stock opened at $129.74 on Monday. The stock has a market cap of $26.85 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The company has a fifty day simple moving average of $125.52 and a 200-day simple moving average of $117.67. DTE Energy has a 12-month low of $92.58 and a 12-month high of $131.66. 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 (NYSE:DTE) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the business earned $0.99 EPS. Equities analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in DTE Energy by 1.2% during the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after purchasing an additional 261,623 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in DTE Energy by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after purchasing an additional 86,205 shares in the last quarter. Clearbridge Investments LLC raised its holdings in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after purchasing an additional 1,756,459 shares in the last quarter. Janus Henderson Group PLC raised its holdings in DTE Energy by 6,964.9% during the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in DTE Energy by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other 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.