DTE Energy Given Average Recommendation of “Buy” by Brokerages (NYSE:DTE)
DTE Energy (NYSE:DTE) has earned an average rating of “Buy” from the eleven ratings firms that are covering the stock, Stock Ratings News reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $79.33.
DTE Energy (NYSE:DTE) traded down 0.01% during mid-day trading on Friday, hitting $77.32. The stock had a trading volume of 73,651 shares. DTE Energy has a 52-week low of $64.45 and a 52-week high of $79.45. The stock’s 50-day moving average is $75.5 and its 200-day moving average is $74.52. The company has a market cap of $13.685 billion and a price-to-earnings ratio of 17.72.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.01. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. Analysts expect that DTE Energy will post $4.41 EPS for the current fiscal year.
Separately, analysts at ISI Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $79.00 price target on the stock, up previously from $78.00.
In other DTE Energy news, VP Naif A. Khouri sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $75.12, for a total value of $75,120.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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