DTE Energy (NYSE:DTE) Given Consensus Rating of “Moderate Buy” by Analysts

DTE Energy (NYSE:DTE) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $131.46.

Several analysts have issued reports on the company. Morgan Stanley lifted their price target on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. KeyCorp raised their price objective on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Barclays raised their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Scotiabank raised their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

Institutional Investors Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised 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 valued at $461,000 after buying an additional 81 shares in the last quarter. Signaturefd LLC raised its position in shares of 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 buying an additional 86 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after buying an additional 94 shares in the last quarter. ASB Consultores LLC raised its position in shares of DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after buying an additional 101 shares in the last quarter. Finally, S.A. Mason LLC raised its position in DTE Energy by 10.5% during the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 106 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Stock Performance

DTE opened at $120.50 on Tuesday. The business’s 50-day moving average price is $124.82 and its two-hundred day moving average price is $119.43. DTE Energy has a 1 year low of $101.44 and a 1 year high of $131.66. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 2.22 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

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.