DTE Energy (NYSE:DTE) Receives $130.54 Average PT from Brokerages

DTE Energy (NYSE:DTE) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $131.46.

Several equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. KeyCorp lifted their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Bank of America lifted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Scotiabank boosted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th.

DTE Energy Trading Down 2.1 %

Shares of DTE opened at $123.93 on Friday. DTE Energy has a 52-week low of $92.58 and a 52-week high of $131.66. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The firm’s fifty day moving average is $125.86 and its two-hundred day moving average is $118.27. The stock has a market cap of $25.65 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67.

Institutional Trading of DTE Energy

A number of large investors have recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in DTE Energy by 1.2% in the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after purchasing an additional 261,623 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after acquiring an additional 86,205 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after acquiring an additional 1,756,459 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of DTE Energy by 6,964.9% during the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of DTE Energy by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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.