DTE Energy (NYSE:DTE) was upgraded by research analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report released on Friday, The Fly reports.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a research note on Wednesday, January 3rd. KeyCorp reiterated a “buy” rating and issued a $118.50 price objective on shares of DTE Energy in a research note on Friday, December 15th. Credit Suisse Group dropped their price objective on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Finally, Bank of America initiated coverage on shares of DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $114.72.
Shares of DTE Energy (NYSE DTE) opened at $103.93 on Friday. DTE Energy has a 1-year low of $96.56 and a 1-year high of $116.74. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20. The stock has a market cap of $18,640.00, a P/E ratio of 19.00, a PEG ratio of 3.09 and a beta of 0.23.
In other news, Chairman Gerard M. Anderson sold 12,389 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the transaction, the chairman now owns 83,000 shares in the company, valued at approximately $9,373,190. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Citizens Bank & Trust Co. boosted its holdings in shares of DTE Energy by 150.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 19,796 shares of the utilities provider’s stock worth $2,167,000 after buying an additional 11,901 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of DTE Energy by 3.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 494,752 shares of the utilities provider’s stock worth $53,117,000 after buying an additional 15,317 shares during the period. AXA boosted its holdings in shares of DTE Energy by 0.8% during the 3rd quarter. AXA now owns 167,991 shares of the utilities provider’s stock worth $18,036,000 after buying an additional 1,391 shares during the period. Shelton Capital Management boosted its holdings in shares of DTE Energy by 161.9% during the 3rd quarter. Shelton Capital Management now owns 54,358 shares of the utilities provider’s stock worth $5,836,000 after buying an additional 33,600 shares during the period. Finally, IFM Investors Pty Ltd bought a new stake in DTE Energy in the 3rd quarter valued at $552,000. Institutional investors own 68.31% of the company’s stock.
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DTE Energy Company Profile
