Equities researchers at StockNews.com started coverage on shares of DTE Energy (NYSE:DTE – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the utilities provider’s stock.
Other analysts also recently issued research reports about the company. BMO Capital Markets lifted their target price on DTE Energy from $117.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, November 22nd. Mizuho lifted their target price on DTE Energy from $115.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, November 21st. Wells Fargo & Company cut their target price on DTE Energy from $138.00 to $133.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 1st. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, January 13th. Finally, Morgan Stanley cut their target price on DTE Energy from $130.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 22nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus target price of $129.22.
DTE Energy Trading Up 1.4 %
NYSE:DTE opened at $108.97 on Thursday. DTE Energy has a 12-month low of $100.64 and a 12-month high of $140.23. The firm has a market capitalization of $22.41 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.80 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.81 and a quick ratio of 0.63. The business has a 50 day simple moving average of $113.16 and a 200 day simple moving average of $116.21.
Institutional Trading of DTE Energy
Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its position in shares of DTE Energy by 224.8% during the fourth quarter. Millennium Management LLC now owns 2,379,882 shares of the utilities provider’s stock worth $279,708,000 after purchasing an additional 1,647,053 shares during the period. Vanguard Group Inc. raised its position in shares of DTE Energy by 6.6% during the first quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock worth $3,044,624,000 after purchasing an additional 1,420,586 shares during the period. Natixis raised its position in shares of DTE Energy by 1,312.9% during the second quarter. Natixis now owns 1,242,579 shares of the utilities provider’s stock worth $156,675,000 after purchasing an additional 1,154,632 shares during the period. BlackRock Inc. raised its position in shares of DTE Energy by 6.5% during the third quarter. BlackRock Inc. now owns 18,213,090 shares of the utilities provider’s stock worth $2,095,415,000 after purchasing an additional 1,111,992 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of DTE Energy by 459.1% during the fourth quarter. Point72 Asset Management L.P. now owns 1,199,900 shares of the utilities provider’s stock worth $141,024,000 after purchasing an additional 985,300 shares during the period. Institutional investors own 74.55% of the company’s stock.
About DTE Energy
DTE Energy Co operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. It operates through the following segments: Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment consists of generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan.
- Get a free copy of the StockNews.com research report on DTE Energy (DTE)
- Meta Platforms: Efficiency Gains Momentum, Stock Accelerates
- Pfizer’s Latest Acquisition Strengthens the Case for PFE Stock
- SentinelOne: Reversal In-Play For Cybersecurity Stocks
- Is Sportradar Group A Growth Stock To Bet On In 2023?
- Strong Guidance says Boeing is Ready for Takeoff
Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.