DTE Energy Company (NYSE:DTE) Stock Has Consensus Price Target of $151.85

Shares of DTE Energy Company (NYSE:DTE) have been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $150.50.

DTE has been the topic of a number of research analyst reports. Barclays decreased their price target on DTE Energy from $154.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. TD Cowen initiated coverage on DTE Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective for the company. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Monday. Mizuho dropped their target price on shares of DTE Energy from $152.00 to $136.00 and set an “outperform” rating for the company in a research note on Monday, September 28th. Finally, BMO Capital Markets upped their target price on shares of DTE Energy from $134.00 to $139.00 and gave the stock a “market perform” rating in a research report on Friday, October 16th.

Insider Buying and Selling at DTE Energy

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the completion of the sale, the insider owned 73,122 shares of the company’s stock, valued at $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in DTE Energy by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,807 shares of the utilities provider’s stock worth $3,481,000 after purchasing an additional 71 shares during the period. Whittier Trust Co. boosted its stake in shares of DTE Energy by 3.5% in the 1st quarter. Whittier Trust Co. now owns 2,220 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 75 shares during the last quarter. Prosperity Consulting Group LLC boosted its stake in shares of DTE Energy by 1.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,342 shares of the utilities provider’s stock valued at $927,000 after purchasing an additional 76 shares during the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in shares of DTE Energy by 3.6% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,504 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 88 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of DTE Energy by 5.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,756 shares of the utilities provider’s stock worth $268,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $133.06 on Tuesday. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 2.56 and a beta of 0.36. The firm’s 50-day moving average price is $130.98 and its two-hundred day moving average price is $140.73. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. DTE Energy has a 1-year low of $119.68 and a 1-year high of $155.74.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter in the previous year, the company posted $1.36 earnings per share. On average, equities analysts predict that DTE Energy will post 7.70 earnings per share for the current fiscal year.

About DTE Energy

DTE Energy Co is a Detroit-based energy holding company that operates through regulated utility businesses and other energy-related activities. Its principal subsidiaries are DTE Electric and DTE Gas, which provide electricity and natural gas to residential, commercial and industrial customers across southeastern Michigan.

DTE Electric generates, transmits and distributes electricity, while DTE Gas transports and distributes natural gas through an extensive pipeline network. The company is also involved in renewable energy, energy services, natural gas storage and pipeline operations, and other nonutility activities designed to support the broader energy system.

DTE Energy traces its roots to the Detroit Edison Company, which was established in 1903 to serve the Detroit area.