DTE Energy (NYSE:DTE) Rating Lowered to Sell at Wall Street Zen

DTE Energy (NYSE:DTE) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank restated a “sector perform” rating and issued a $147.00 price objective on shares of DTE Energy in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. BMO Capital Markets increased their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. UBS Group upped their target price on shares of DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley lowered their target price on shares of DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $145.25.

DTE Energy Trading Up 0.2%

Shares of DTE stock opened at $140.29 on Friday. DTE Energy has a 52-week low of $115.59 and a 52-week high of $143.79. The stock has a market cap of $29.12 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.01 and a beta of 0.42. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. The firm has a fifty day moving average of $138.40 and a 200-day moving average of $135.87.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, equities research analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president owned 4,153 shares of the company’s stock, valued at $583,621.09. This represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DTE Energy

Hedge funds have recently added to or reduced their stakes in the stock. Keybank National Association OH grew its stake in DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after purchasing an additional 72 shares during the period. Atria Investments Inc grew its stake in shares of DTE Energy by 0.6% during the 2nd quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after acquiring an additional 72 shares during the period. Graypoint LLC grew its stake in shares of DTE Energy by 3.8% during the 1st quarter. Graypoint LLC now owns 2,021 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 74 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of DTE Energy by 2.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,918 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 78 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of DTE Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 4,555 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 81 shares during the period. 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.