Barclays Increases DTE Energy (NYSE:DTE) Price Target to $115.00

DTE Energy (NYSE:DTEGet Free Report) had its target price increased by equities researchers at Barclays from $112.00 to $115.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price indicates a potential upside of 8.24% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Wolfe Research downgraded shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 16th. BMO Capital Markets lowered their target price on shares of DTE Energy from $113.00 to $111.00 and set a “market perform” rating on the stock in a report on Monday, February 12th. Morgan Stanley raised their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, DTE Energy presently has an average rating of “Hold” and a consensus price target of $114.33.

View Our Latest Analysis on DTE Energy

DTE Energy Stock Performance

Shares of DTE stock opened at $106.25 on Monday. The firm’s 50-day simple moving average is $108.60 and its two-hundred day simple moving average is $105.48. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73. The firm has a market cap of $21.99 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.64 and a beta of 0.64.

DTE Energy (NYSE:DTEGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.96 by $0.01. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. As a group, equities analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

Insider Buying and Selling at DTE Energy

In other news, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the sale, the chief accounting officer now directly owns 3,462 shares in the company, valued at $370,572.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the vice president now directly owns 5,469 shares in the company, valued at approximately $593,003.67. The disclosure for this sale can be found here. Insiders have sold a total of 20,095 shares of company stock valued at $2,168,183 in the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On DTE Energy

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of DTE Energy by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock valued at $3,044,624,000 after buying an additional 1,420,586 shares in the last quarter. Capital Research Global Investors raised its stake in shares of DTE Energy by 1.9% during the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock worth $2,308,076,000 after acquiring an additional 399,646 shares in the last quarter. State Street Corp raised its stake in shares of DTE Energy by 2.6% during the first quarter. State Street Corp now owns 9,707,687 shares of the utilities provider’s stock worth $1,291,854,000 after acquiring an additional 245,923 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of DTE Energy by 16.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock worth $509,081,000 after acquiring an additional 724,561 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of DTE Energy by 0.7% in the 4th quarter. Neuberger Berman Group LLC now owns 4,699,876 shares of the utilities provider’s stock valued at $518,219,000 after purchasing an additional 32,450 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

About DTE Energy

(Get Free Report)

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.

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