DTE Energy (NYSE:DTE) PT Raised to $130.00 at KeyCorp

DTE Energy (NYSE:DTE) had its price objective increased by research analysts at KeyCorp from $126.00 to $130.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target points to a potential upside of 3.42% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Bank of America lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Mizuho lifted their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Scotiabank raised their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley upped their target price on DTE Energy from $114.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

DTE Energy Stock Down 0.5 %

Shares of DTE stock opened at $125.70 on Monday. DTE Energy has a 52-week low of $90.14 and a 52-week high of $127.59. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.28 and a beta of 0.67. The firm’s 50-day moving average is $121.09 and its 200-day moving average is $114.74. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. Sell-side analysts predict that DTE Energy will post 6.7 EPS for the current year.

Institutional Trading of DTE Energy

Institutional investors have recently modified their holdings of the stock. ESL Trust Services LLC bought a new position in shares of DTE Energy in the first quarter worth $27,000. Rise Advisors LLC increased its holdings in DTE Energy by 89.6% in the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock valued at $31,000 after buying an additional 129 shares during the period. Ridgewood Investments LLC acquired a new position in shares of DTE Energy in the 2nd quarter valued at approximately $31,000. Denali Advisors LLC bought a new stake in shares of DTE Energy during the 1st quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 195 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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.