DTE Energy (NYSE:DTE) PT Raised to $119.00

DTE Energy (NYSE:DTE) had its price objective hoisted by equities researchers at Barclays from $115.00 to $119.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 6.90% from the company’s current price.

A number of other equities research analysts have also recently commented on DTE. KeyCorp increased their target price on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. increased their target price on shares of DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Guggenheim lowered shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective for the company. in a report on Monday, January 22nd. BMO Capital Markets upped their price objective on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. Finally, Morgan Stanley upped their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

DTE Energy Price Performance

Shares of NYSE DTE opened at $111.32 on Tuesday. The firm has a 50-day simple moving average of $109.31 and a 200-day simple moving average of $106.49. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.76 and a beta of 0.64. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. On average, equities analysts predict that DTE Energy will post 6.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $743,200.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock valued at $2,168,183 over the last 90 days. 0.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PBMares Wealth Management LLC boosted its stake in shares of DTE Energy by 4.5% in the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 100 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of DTE Energy by 17.0% in the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 102 shares during the period. Center for Financial Planning Inc. boosted its stake in shares of DTE Energy by 2.2% in the first quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock valued at $558,000 after purchasing an additional 105 shares during the period. Telemus Capital LLC raised its holdings in DTE Energy by 3.1% in the third quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 111 shares in the last quarter. Finally, ASB Consultores LLC raised its holdings in DTE Energy by 5.6% in the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

About DTE Energy

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.