DTE Energy (NYSE:DTE) Downgraded to “Equal Weight” Rating by Barclays

DTE Energy (NYSE:DTE) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Thursday,Briefing.com Automated Import reports. They presently have a $135.00 price objective on the utilities provider’s stock, down from their previous price objective of $137.00. Barclays‘s target price would suggest a potential upside of 3.55% from the company’s current price.

DTE has been the subject of a number of other reports. BMO Capital Markets upped their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, Scotiabank upped their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.67.

DTE Energy Trading Up 0.6 %

Shares of DTE opened at $130.38 on Thursday. The stock has a fifty day moving average of $121.73 and a two-hundred day moving average of $123.21. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market capitalization of $27.02 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.37 and a beta of 0.68. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $131.66.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, analysts forecast that DTE Energy will post 7.18 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DTE. Legacy Investment Solutions LLC bought a new stake in DTE Energy during the third quarter worth approximately $30,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter worth approximately $35,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy in the 3rd quarter worth approximately $35,000. Versant Capital Management Inc boosted its stake in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new position in DTE Energy in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds 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.