DTE Energy (NYSE:DTE) Upgraded by StockNews.com to “Hold” Rating

DTE Energy (NYSE:DTE) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Other equities research analysts have also issued research reports about the stock. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $137.00 to $135.00 in a research note on Thursday. BMO Capital Markets upped their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Scotiabank upped their target price 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. Finally, Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.67.

DTE Energy Stock Up 0.5 %

Shares of NYSE DTE opened at $131.07 on Friday. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.84. The firm has a fifty day moving average of $121.93 and a 200-day moving average of $123.27. The stock has a market capitalization of $27.16 billion, a PE ratio of 19.36, a P/E/G ratio of 2.38 and a beta of 0.68. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. On average, analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

Insider Buying and Selling

In related news, COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DTE Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of DTE Energy during the 3rd quarter valued at $35,000. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy during the 3rd quarter valued at $35,000. Versant Capital Management Inc boosted its stake in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of DTE Energy during the 3rd quarter valued at $39,000. 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.