DTE Energy (NYSE:DTE) Rating Increased to Buy at Guggenheim

DTE Energy (NYSE:DTE) was upgraded by research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday,Finviz reports.

Other equities research analysts have also issued reports about the company. Morgan Stanley dropped their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Barclays upped their price target on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. StockNews.com lowered DTE Energy from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Performance

Shares of NYSE:DTE opened at $120.08 on Thursday. The firm has a market capitalization of $24.87 billion, a PE ratio of 16.27, a P/E/G ratio of 2.14 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The business has a 50-day moving average of $121.61 and a two-hundred day moving average of $122.25. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in DTE Energy by 0.7% during the 4th quarter. Hantz Financial Services Inc. now owns 42,527 shares of the utilities provider’s stock worth $5,135,000 after buying an additional 301 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of DTE Energy by 2.9% in the 4th quarter. Forsta AP Fonden now owns 61,000 shares of the utilities provider’s stock worth $7,366,000 after purchasing an additional 1,700 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in shares of DTE Energy in the 4th quarter worth approximately $362,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of DTE Energy by 66.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 18,072 shares of the utilities provider’s stock worth $2,182,000 after purchasing an additional 7,225 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of DTE Energy by 15.1% in the 4th quarter. Perigon Wealth Management LLC now owns 10,912 shares of the utilities provider’s stock worth $1,342,000 after purchasing an additional 1,429 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

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.