DTE Energy Receives Average Recommendation of “Buy” from Brokerages (NYSE:DTE)
Shares of DTE Energy (NYSE:DTE) have received a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, AnalystRatings.NET reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $79.33.
In other DTE Energy news, COO Steven E. Kurmas unloaded 10,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $77.36, for a total transaction of $773,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of DTE Energy (NYSE:DTE) opened at 77.45 on Friday. 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 $75.6 and its 200-day moving average is $74.76. The company has a market cap of $13.708 billion and a P/E ratio of 17.62.
DTE Energy (NYSE:DTE) last announced its earnings results on Friday, July 25th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.62 earnings per share. DTE Energy’s revenue was up 21.3% compared to the same quarter last year. On average, analysts predict that DTE Energy will post $4.41 earnings per share 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.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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