DTE Energy Co. (NYSE:DTE) Receives Average Rating of “Buy” from Analysts
DTE Energy Co. (NYSE:DTE) has earned an average recommendation of “Buy” from the six analysts that are presently covering the company. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $103.20.
DTE has been the subject of several recent analyst reports. KeyCorp restated an “outperform” rating and set a $102.50 target price (up previously from $97.00) on shares of DTE Energy in a research note on Saturday, July 2nd. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Macquarie increased their target price on DTE Energy from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, September 27th. Barclays PLC restated a “buy” rating and set a $108.00 target price on shares of DTE Energy in a research note on Thursday, July 28th. Finally, BMO Capital Markets restated a “hold” rating on shares of DTE Energy in a research note on Wednesday, June 22nd.
In other news, Chairman Gerard M. Anderson sold 17,500 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $97.96, for a total value of $1,714,300.00. Following the completion of the transaction, the chairman now directly owns 77,500 shares of the company’s stock, valued at approximately $7,591,900. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.93% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc boosted its position in shares of DTE Energy by 1,352.3% in the second quarter. NEXT Financial Group Inc now owns 1,278 shares of the company’s stock worth $126,000 after buying an additional 1,190 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of DTE Energy by 2.6% in the second quarter. TCI Wealth Advisors Inc. now owns 1,486 shares of the company’s stock worth $147,000 after buying an additional 37 shares during the last quarter. Gradient Investments LLC boosted its position in shares of DTE Energy by 13.8% in the second quarter. Gradient Investments LLC now owns 1,695 shares of the company’s stock worth $168,000 after buying an additional 205 shares during the last quarter. Tredje AP fonden bought a new position in shares of DTE Energy during the second quarter worth about $171,000. Finally, Global X Management Co. LLC boosted its position in shares of DTE Energy by 138.3% in the second quarter. Global X Management Co. LLC now owns 1,835 shares of the company’s stock worth $182,000 after buying an additional 1,065 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.
DTE Energy (NYSE:DTE) traded down 1.02% on Monday, reaching $92.71. The company had a trading volume of 942,941 shares. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 22.39 and a beta of 0.25. DTE Energy has a one year low of $77.35 and a one year high of $100.45. The company has a 50-day moving average of $94.14 and a 200 day moving average of $92.98.
DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.09. DTE Energy had a return on equity of 10.00% and a net margin of 7.51%. The firm earned $2.26 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts predict that DTE Energy will post $5.15 EPS for the current year.
DTE Energy Company Profile
DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.
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