DTE Energy (NYSE:DTE) Hits New 12-Month High at $127.63

DTE Energy (NYSE:DTE) shares hit a new 52-week high on Friday . The stock traded as high as $127.63 and last traded at $127.04, with a volume of 92327 shares. The stock had previously closed at $125.58.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DTE shares. KeyCorp increased their target price on shares of DTE Energy from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Scotiabank increased their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their target price on DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Barclays upped their price objective on DTE Energy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.17.

DTE Energy Stock Performance

The company has a fifty day moving average of $122.64 and a two-hundred day moving average of $115.36. The firm has a market capitalization of $26.35 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.32 and a beta of 0.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, equities research analysts predict that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Grayhawk Investment Strategies Inc. bought a new stake in shares of DTE Energy in the fourth quarter valued at approximately $1,305,000. UniSuper Management Pty Ltd grew its holdings in shares of DTE Energy by 407.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after purchasing an additional 8,603 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of DTE Energy by 66.5% in the fourth quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock worth $3,261,000 after purchasing an additional 11,809 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in DTE Energy by 9.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after purchasing an additional 11,218 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in DTE Energy by 6.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 229,495 shares of the utilities provider’s stock worth $25,139,000 after purchasing an additional 14,022 shares during the period. Institutional investors and hedge funds 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.