DTE Energy (NYSE:DTE) Stock Rating Upgraded by Wall Street Zen

DTE Energy (NYSE:DTE) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

A number of other brokerages have also recently issued reports on DTE. UBS Group raised their price objective on DTE Energy from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Barclays raised their target price on DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Scotiabank reissued a “sector perform” rating and issued a $147.00 target price on shares of DTE Energy in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.91.

DTE Energy Stock Up 1.0%

Shares of NYSE:DTE opened at $143.34 on Friday. The stock’s 50-day moving average price is $138.62 and its 200-day moving average price is $136.08. DTE Energy has a 12-month low of $115.59 and a 12-month high of $143.79. The stock has a market capitalization of $29.76 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares in the company, valued at $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.

Institutional Trading of DTE Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new stake in DTE Energy in the first quarter worth about $25,000. Quintet Private Bank Europe S.A. purchased a new position in shares of DTE Energy during the second quarter valued at approximately $25,000. Olde Wealth Management LLC purchased a new position in shares of DTE Energy during the first quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DTE Energy during the first quarter valued at approximately $28,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of DTE Energy during the third quarter valued at approximately $28,000. 76.06% of the stock is currently 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.