DTE Energy (NYSE:DTE) Price Target Raised to $147.00

DTE Energy (NYSE:DTE) had its target price hoisted by Scotiabank from $137.00 to $147.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s target price would indicate a potential upside of 21.06% from the company’s current price.

Other equities analysts have also issued reports about the stock. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group began coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target for the company. Mizuho lifted their price objective on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Barclays lifted their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.31.

DTE Energy Stock Performance

NYSE:DTE traded up $0.43 during mid-day trading on Thursday, reaching $121.43. 178,571 shares of the stock were exchanged, compared to its average volume of 1,122,354. The stock has a market capitalization of $25.15 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.24 and a beta of 0.68. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The company has a 50 day simple moving average of $123.96 and a 200-day simple moving average of $120.41. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

Institutional Trading of DTE Energy

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position in shares of DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after acquiring an additional 81 shares during the last quarter. Signaturefd LLC raised its stake in DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares during the period. Aptus Capital Advisors LLC boosted its holdings in shares of DTE Energy by 3.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after purchasing an additional 94 shares during the last quarter. Tidal Investments LLC grew its stake in shares of DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after buying an additional 96 shares during the period. Finally, ASB Consultores LLC increased its holdings in shares of DTE Energy by 4.9% during the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after buying an additional 101 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

About DTE Energy

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.