DTE Energy (NYSE:DTE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DTE Energy (NYSE:DTE) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other analysts also recently weighed in on DTE. BMO Capital Markets cut their price objective on shares of DTE Energy from $150.00 to $143.00 and set a “market perform” rating on the stock in a research report on Friday, August 28th. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. Mizuho dropped their price target on shares of DTE Energy from $164.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Morgan Stanley cut their price target on DTE Energy from $148.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.46.

DTE Energy Trading Down 1.9%

Shares of NYSE DTE opened at $126.05 on Friday. The company has a market cap of $26.23 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.79 and a beta of 0.37. DTE Energy has a 12-month low of $125.76 and a 12-month high of $155.74. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The stock’s 50 day simple moving average is $139.10 and its 200 day simple moving average is $144.10.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same period in the prior year, the business earned $1.36 EPS. Equities research analysts expect that DTE Energy will post 7.71 EPS for the current year.

Insider Transactions at DTE Energy

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider owned 73,122 shares of the company’s stock, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DTE. Oregon Public Employees Retirement Fund raised its holdings in DTE Energy by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 71 shares during the period. Whittier Trust Co. boosted its holdings in DTE Energy by 3.5% during the first quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock valued at $328,000 after acquiring an additional 75 shares during the period. Prosperity Consulting Group LLC grew its position in shares of DTE Energy by 1.2% in the first quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after purchasing an additional 76 shares during the last quarter. MeadowBrook Investment Advisors LLC increased its stake in shares of DTE Energy by 3.6% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,504 shares of the utilities provider’s stock worth $366,000 after purchasing an additional 88 shares during the period. Finally, Glenview Trust Co increased its stake in shares of DTE Energy by 2.9% in the fourth quarter. Glenview Trust Co now owns 3,316 shares of the utilities provider’s stock worth $428,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.