DTE Energy Company (NYSE:DTE) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $111.50.

A number of research firms have issued reports on DTE. Credit Suisse Group decreased their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Bank of America Corporation began coverage on DTE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price objective for the company. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reiterated a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. Finally, BidaskClub downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.

Shares of DTE Energy (NYSE DTE) opened at 110.46 on Wednesday. The stock has a 50 day moving average of $109.74 and a 200 day moving average of $108.32. The company has a market cap of $19.82 billion, a price-to-earnings ratio of 19.02 and a beta of 0.20. DTE Energy has a 1-year low of $89.66 and a 1-year high of $113.71.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. Analysts predict that DTE Energy will post $5.43 EPS for the current year.

In other news, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the completion of the transaction, the insider now directly owns 39,698 shares in the company, valued at $4,268,328.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the transaction, the insider now owns 25,257 shares of the company’s stock, valued at $2,779,027.71. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Pacad Investment Ltd. bought a new position in shares of DTE Energy during the second quarter valued at $106,000. Gradient Investments LLC increased its holdings in shares of DTE Energy by 0.3% during the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 3 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of DTE Energy by 13,030.0% during the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 1,303 shares in the last quarter. Vantage Investment Advisors LLC increased its holdings in shares of DTE Energy by 0.8% during the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 10 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in shares of DTE Energy by 335.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 1,032 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

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About DTE Energy

Analyst Recommendations for DTE Energy (NYSE:DTE)

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