Guggenheim Raises DTE Energy (NYSE:DTE) Price Target to $147.00

DTE Energy (NYSE:DTE) had its price target boosted by stock analysts at Guggenheim from $139.00 to $147.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Guggenheim’s target price suggests a potential upside of 7.16% from the company’s current price.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets boosted their price target on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank boosted their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.58.

DTE Energy Stock Performance

Shares of DTE stock opened at $137.18 on Friday. The stock has a fifty day moving average price of $127.38 and a 200 day moving average price of $124.87. The stock has a market cap of $28.47 billion, a PE ratio of 20.26, a P/E/G ratio of 2.41 and a beta of 0.59. DTE Energy has a 1 year low of $103.06 and a 1 year high of $138.22. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Sell-side analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

Insider Buying and Selling at DTE Energy

In other news, SVP Joann Chavez sold 7,062 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.61% of the company’s stock.

Institutional Trading of DTE Energy

A number of institutional investors and hedge funds have recently made changes to their positions in DTE. Empowered Funds LLC raised its position in shares of DTE Energy by 9.3% during the 3rd quarter. Empowered Funds LLC now owns 3,028 shares of the utilities provider’s stock worth $389,000 after purchasing an additional 258 shares during the period. Quest Partners LLC raised its position in shares of DTE Energy by 21,380.0% during the 3rd quarter. Quest Partners LLC now owns 1,074 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,069 shares during the period. Pathstone Holdings LLC raised its position in shares of DTE Energy by 2.8% during the 3rd quarter. Pathstone Holdings LLC now owns 20,173 shares of the utilities provider’s stock worth $2,592,000 after purchasing an additional 549 shares during the period. Caprock Group LLC raised its position in shares of DTE Energy by 7.0% during the 3rd quarter. Caprock Group LLC now owns 2,397 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 157 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of DTE Energy during the 3rd quarter worth approximately $1,257,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.