DTE Energy (NYSE:DTE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of DTE Energy (NYSE:DTE) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $128.67.

DTE has been the subject of several recent analyst reports. Mizuho upped their target price on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Bank of America upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley lifted their target price on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their price target on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Scotiabank lifted their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th.

Hedge Funds Weigh In On DTE Energy

Several hedge funds have recently made changes to their positions in the business. ESL Trust Services LLC acquired a new position in DTE Energy during the first quarter worth $27,000. Rise Advisors LLC boosted its stake in shares of DTE Energy by 89.6% during the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after buying an additional 129 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of DTE Energy in the 2nd quarter valued at about $31,000. Denali Advisors LLC acquired a new stake in shares of DTE Energy in the first quarter valued at about $34,000. Finally, Salomon & Ludwin LLC raised its holdings in DTE Energy by 82.3% during the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 195 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Down 0.4 %

NYSE:DTE opened at $126.98 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 12-month low of $90.14 and a 12-month high of $129.53. The stock’s fifty day simple moving average is $123.92 and its 200-day simple moving average is $116.10. The firm has a market capitalization of $26.28 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.32 and a beta of 0.67.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.22. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Equities research analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

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.