DTE Energy (NYSE:DTE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

DTE Energy (NYSE:DTE) had its target price lifted by equities researchers at Morgan Stanley from $142.00 to $143.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 5.44% from the company’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets reduced their price objective on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 24th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Barclays lowered their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Wells Fargo & Company reduced their price objective on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.69.

DTE Energy Stock Up 2.0%

DTE stock opened at $135.62 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The company’s 50 day simple moving average is $131.91 and its 200-day simple moving average is $136.12. DTE Energy has a 12 month low of $119.00 and a 12 month high of $143.79. The firm has a market capitalization of $28.17 billion, a PE ratio of 20.36, a P/E/G ratio of 2.44 and a beta of 0.49.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC increased its stake in DTE Energy by 29.8% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 70 shares during the last quarter. Keybank National Association OH grew its holdings in shares of DTE Energy by 1.6% during the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 72 shares during the period. Atria Investments Inc increased its position in DTE Energy by 0.6% during the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after purchasing an additional 72 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in DTE Energy by 2.0% in the third quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock valued at $529,000 after buying an additional 73 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in DTE Energy by 1.4% during the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after buying an additional 75 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.