DTE Energy (NYSE:DTE) PT Lowered to $120.00

DTE Energy (NYSE:DTE) had its price objective lowered by research analysts at Scotiabank from $129.00 to $120.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s price target indicates a potential upside of 8.98% from the stock’s current price.

Several other research analysts have also recently commented on DTE. KeyCorp boosted their target price on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Morgan Stanley raised their target price on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. BMO Capital Markets increased their price objective on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. Barclays lifted their price target on DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Wolfe Research downgraded DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.10.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $110.11 on Monday. The stock has a market capitalization of $22.78 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.60 and a quick ratio of 0.42. The business has a 50-day moving average of $108.93 and a 200 day moving average of $105.98. DTE Energy has a 12 month low of $90.14 and a 12 month high of $116.73.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.01. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. During the same quarter in the previous year, the business posted $1.31 earnings per share. As a group, sell-side analysts forecast that DTE Energy will post 6.71 earnings per share for the current year.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 2,775 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total transaction of $300,893.25. Following the completion of the sale, the vice president now owns 5,469 shares in the company, valued at $593,003.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Lisa A. Muschong sold 2,775 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $108.43, for a total transaction of $300,893.25. Following the completion of the sale, the vice president now directly owns 5,469 shares of the company’s stock, valued at $593,003.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total transaction of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares in the company, valued at $1,819,869.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,095 shares of company stock worth $2,168,183. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DTE. Rise Advisors LLC boosted its holdings in DTE Energy by 89.6% in the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 129 shares in the last quarter. MV Capital Management Inc. grew its stake in shares of DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares during the period. Denali Advisors LLC acquired a new position in shares of DTE Energy during the 1st quarter worth $34,000. Milestone Investment Advisors LLC acquired a new stake in shares of DTE Energy during the 3rd quarter valued at approximately $36,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of DTE Energy during the 3rd quarter worth approximately $37,000. 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.