DTE Energy (NYSE:DTE) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research note issued to investors on Monday.

Several other research analysts have also issued reports on DTE. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Barclays increased their price target on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Wells Fargo & Company increased their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Scotiabank increased their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America increased their price target on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Trading Up 0.2 %

NYSE DTE opened at $124.14 on Monday. The business has a 50 day simple moving average of $125.87 and a 200 day simple moving average of $118.31. DTE Energy has a one year low of $92.58 and a one year high of $131.66. The stock has a market capitalization of $25.69 billion, a P/E ratio of 20.32, a P/E/G ratio of 2.29 and a beta of 0.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52.

Institutional Trading of DTE Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Centennial Wealth Advisory LLC increased its position in shares of DTE Energy by 2.1% during the third quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock valued at $685,000 after acquiring an additional 110 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of DTE Energy by 9.7% during the third quarter. QRG Capital Management Inc. now owns 31,482 shares of the utilities provider’s stock valued at $4,043,000 after acquiring an additional 2,791 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of DTE Energy by 0.7% during the third quarter. Asset Management One Co. Ltd. now owns 106,986 shares of the utilities provider’s stock valued at $13,738,000 after acquiring an additional 722 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of DTE Energy during the third quarter valued at approximately $74,000. Finally, Old North State Wealth Management LLC increased its position in shares of DTE Energy by 52.5% during the third quarter. Old North State Wealth Management LLC now owns 2,751 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 947 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company Profile

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.