DTE Energy (NYSE:DTE) Price Target Raised to $137.00

DTE Energy (NYSE:DTE) had its price objective hoisted by equities researchers at Barclays from $128.00 to $137.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price indicates a potential upside of 9.46% from the stock’s previous close.

Several other analysts also recently issued reports on DTE. BMO Capital Markets boosted their target price on shares of DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Bank of America boosted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Mizuho upped their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target on the stock. Finally, Scotiabank upped their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.42.

DTE Energy Price Performance

DTE traded down $1.82 during trading on Monday, reaching $125.16. The stock had a trading volume of 433,705 shares, compared to its average volume of 1,069,934. The firm has a market capitalization of $25.90 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 1-year low of $92.58 and a 1-year high of $129.53. The stock has a 50 day moving average of $123.92 and a two-hundred day moving average of $116.18.

DTE Energy (NYSE:DTE) last released its 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. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, equities analysts anticipate that DTE Energy will post 6.7 EPS for the current fiscal year.

Institutional Investors Weigh In On DTE Energy

Hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its position in shares of DTE Energy by 3.7% during 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 during the last quarter. ASB Consultores LLC raised its position in shares of DTE Energy by 4.9% during 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 during the last quarter. TIAA Trust National Association raised its position in shares of DTE Energy by 2.9% during the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after buying an additional 106 shares during the last quarter. S.A. Mason LLC raised its position in shares of 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 buying an additional 106 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its position in DTE Energy by 0.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock worth $4,700,000 after purchasing an additional 107 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Company Profile

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.