DTE Energy (NYSE:DTE) Given Average Recommendation of “Moderate Buy” by Analysts

DTE Energy (NYSE:DTE) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $131.46.

A number of research firms have recently issued reports on DTE. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Mizuho lifted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group initiated coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Bank of America raised their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets boosted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds have recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in DTE Energy by 1.2% during the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after buying an additional 261,623 shares during the last quarter. State Street Corp boosted its position in DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after purchasing an additional 662,569 shares during the period. Mizuho Securities USA LLC grew its stake in DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after buying an additional 7,023,042 shares during the last quarter. Ameriprise Financial Inc. increased its position in DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after buying an additional 86,205 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in DTE Energy by 2.4% in the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock valued at $349,309,000 after buying an additional 64,880 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Trading Up 0.5 %

NYSE:DTE opened at $124.60 on Tuesday. The business’s 50-day moving average is $124.66 and its two-hundred day moving average is $119.67. The firm has a market capitalization of $25.80 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.68. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

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.