DTE Energy (NYSE:DTE – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday after KeyCorp raised their price target on the stock from $136.00 to $138.00. KeyCorp currently has an overweight rating on the stock. DTE Energy traded as high as $129.63 and last traded at $129.58, with a volume of 361712 shares traded. The stock had previously closed at $128.23.
DTE has been the topic of several other reports. Jefferies Financial Group initiated coverage on DTE Energy in a research note on Monday. They issued a “hold” rating and a $137.00 price objective on the stock. Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley raised their target price on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. LADENBURG THALM/SH SH began coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price target for the company. Finally, StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.54.
Read Our Latest Research Report on DTE
Institutional Trading of DTE Energy
DTE Energy Stock Up 1.4 %
The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.29 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The firm’s 50 day simple moving average is $125.52 and its 200-day simple moving average is $117.67.
DTE Energy (NYSE:DTE – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $0.99 earnings per share. On average, sell-side analysts anticipate that DTE Energy will post 6.7 EPS for the current fiscal year.
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.
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