StockNews.com Upgrades DTE Energy (NYSE:DTE) to “Hold”

DTE Energy (NYSE:DTE) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts also recently issued reports about the stock. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Wells Fargo & Company upped their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Barclays lifted their price target on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Scotiabank increased their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Down 0.4 %

Shares of NYSE DTE opened at $119.07 on Friday. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68. DTE Energy has a 52 week low of $102.50 and a 52 week high of $131.66. The firm has a 50-day moving average price of $121.59 and a 200 day moving average price of $122.30. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76.

Institutional Trading of DTE Energy

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in DTE Energy by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after acquiring an additional 81 shares during the last quarter. SkyOak Wealth LLC increased its stake in DTE Energy by 4.1% in the fourth quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 85 shares during the last quarter. Signaturefd LLC lifted its position in DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after buying an additional 86 shares during the period. Tidal Investments LLC lifted its position in DTE Energy by 4.0% during the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the period. Finally, Fifth Third Bancorp boosted its stake in DTE Energy by 1.4% in the 4th quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider’s stock worth $899,000 after buying an additional 103 shares during the last quarter. 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.