DTE Energy (NYSE:DTE) Rating Reiterated by DZ Bank

DTE Energy (NYSE:DTE)‘s stock had its “buy” rating reissued by research analysts at DZ Bank in a report issued on Friday, Stock Target Advisor reports.

Several other analysts have also commented on DTE. Wells Fargo & Co set a $145.00 price objective on DTE Energy and gave the company a “buy” rating in a report on Monday, October 21st. Credit Suisse Group reaffirmed a “neutral” rating on shares of DTE Energy in a research note on Friday. UBS Group reaffirmed a “buy” rating on shares of DTE Energy in a research note on Saturday, November 2nd. Mizuho set a $134.00 price target on DTE Energy and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. started coverage on DTE Energy in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $144.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $130.17.

DTE traded down $1.29 during trading on Friday, hitting $120.49. The company’s stock had a trading volume of 1,403,227 shares, compared to its average volume of 1,025,313. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.28. DTE Energy has a twelve month low of $107.22 and a twelve month high of $134.37. The business’s fifty day simple moving average is $129.24 and its 200 day simple moving average is $128.54. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 3.32 and a beta of 0.18.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Monday, October 28th. The utilities provider reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). DTE Energy had a net margin of 8.24% and a return on equity of 9.93%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the business posted $2.13 earnings per share. As a group, equities research analysts forecast that DTE Energy will post 6.2 earnings per share for the current fiscal year.

In related news, COO Mark W. Stiers sold 10,000 shares of DTE Energy stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $131.00, for a total transaction of $1,310,000.00. Following the transaction, the chief operating officer now owns 17,111 shares in the company, valued at $2,241,541. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Torgow acquired 1,537 shares of DTE Energy stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $129.95 per share, for a total transaction of $199,733.15. Following the transaction, the director now owns 2,537 shares of the company’s stock, valued at approximately $329,683.15. The disclosure for this purchase can be found here. Insiders own 0.55% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Checchi Capital Advisers LLC lifted its position in DTE Energy by 14.9% during the third quarter. Checchi Capital Advisers LLC now owns 1,828 shares of the utilities provider’s stock worth $243,000 after buying an additional 237 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in DTE Energy during the third quarter worth approximately $133,000. AE Wealth Management LLC lifted its position in DTE Energy by 36.3% during the third quarter. AE Wealth Management LLC now owns 9,414 shares of the utilities provider’s stock worth $1,252,000 after buying an additional 2,505 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in DTE Energy by 45.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 58,102 shares of the utilities provider’s stock worth $7,726,000 after buying an additional 18,283 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in DTE Energy by 5,955.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,967 shares of the utilities provider’s stock worth $394,000 after buying an additional 2,918 shares in the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Analyst Recommendations for DTE Energy (NYSE:DTE)

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