DTE Energy (NYSE:DTE) rating increased to hold at StockNews.com

DTE Energy (NYSE:DTE – Get a Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Several other analysts also recently commented on DTE. KeyCorp boosted their price objective on DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Scotiabank decreased their price objective on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Barclays raised their price objective on shares of DTE Energy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company boosted their target price on shares of DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, BMO Capital Markets upped their target price on shares of DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Monday, July 15th . Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Moderate Buy” and an average target price of $119.30, according to MarketBeat .

Check out DTE Energy’s latest stock report

DTE energy price performance

Shares of DTE stock opened at $119.91 on Friday. The stock has a market cap of $24.81 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.27 and a beta of 0.66. The company’s fifty day moving average is $114.35 and its 200 day moving average is $111.29. The company has a quick ratio of 0.52, a current ratio of 0.69, and a debt-to-equity ratio of 1.73. DTE Energy has a 12-month low of $90.14 and a 12-month high of $126.76.

DTE Energy (NYSE:DTE – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same period last year, the company earned $0.99 per share. sell-side analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Insider Buying and Selling at DTE Energy

In other news, VP Lisa A. Muschong sold 1,198 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the sale, the vice president now owns 4,271 shares in the company, valued at approximately $498,041.31. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other DTE Energy news, VP Trevor F. Lauer sold 3,500 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now directly owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the transaction, the vice president now owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The disclosure for this sale can be found here. Insiders have sold a total of 14,698 shares of company stock worth $1,702,444 over the last three months. 0.61% of shares are currently owned by insiders.

Institutional Trading of DTE Energy

Institutional investors have recently modified their holdings of the business. Cranbrook Wealth Management LLC boosted its stake in DTE Energy by 20.2% in the second quarter. Cranbrook Wealth Management LLC now owns 1,586 shares of the utilities provider’s stock valued at $176,000 after buying an additional 267 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of DTE Energy by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 730,283 shares of the utilities provider’s stock valued at $81,071,000 after buying an additional 67,086 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in DTE Energy by 3.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock valued at $185,066,000 after purchasing an additional 59,811 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in DTE Energy by 935.6% during the second quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the utilities provider’s stock worth $232,000 after buying an additional 1,890 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in DTE Energy by 8.0% in the second quarter. Envestnet Asset Management Inc. now owns 143,057 shares of the utilities provider’s stock worth $15,881,000 after purchasing an additional 10,632 shares during the period. 76.06% of the shares are currently owned by hedge funds and other institutional investors.

About DTE Energy

(Get a free report)

DTE Energy is engaged in utility operations. The Company’s Electric segment generates, purchases, distributes and sells electricity to various residential, commercial and industrial customers in Southeast Michigan. It generates electricity through coal-fired power plants, pumped hydroelectric storage and nuclear plants, as well as wind and solar assets.

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