DTE Energy (NYSE:DTE) Receives Average Recommendation of “Moderate Buy” from Brokerages

DTE Energy (NYSE:DTE) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $131.46.

A number of research analysts have issued reports on DTE shares. Mizuho increased their target price on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Jefferies Financial Group assumed coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price on the stock. Bank of America raised their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company boosted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

DTE Energy Stock Performance

Shares of DTE opened at $124.60 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 52-week low of $102.17 and a 52-week high of $131.66. The company has a 50-day simple moving average of $124.66 and a 200-day simple moving average of $119.67. The company has a market capitalization of $25.80 billion, a PE ratio of 16.88, a P/E/G ratio of 2.29 and a beta of 0.68.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after acquiring an additional 81 shares during the last quarter. Signaturefd LLC boosted its holdings in DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after acquiring an additional 86 shares during the last quarter. Aptus Capital Advisors LLC grew its position in DTE Energy by 3.7% during the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares during the period. ASB Consultores LLC increased its stake in DTE Energy by 4.9% during the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 101 shares during the last quarter. Finally, S.A. Mason LLC raised its holdings in shares of DTE Energy by 10.5% in the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

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.