DTE Energy (NYSE:DTE) Given New $113.00 Price Target at BMO Capital Markets

DTE Energy (NYSE:DTE) had its target price boosted by investment analysts at BMO Capital Markets from $111.00 to $113.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 7.31% from the stock’s current price.

Several other research firms have also issued reports on DTE. Morgan Stanley upped their price objective on DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Guggenheim lowered DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 target price on the stock. in a research note on Monday, January 22nd. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. Barclays increased their target price on DTE Energy from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their target price on DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $114.56.

DTE Energy Stock Up 2.0 %

NYSE DTE traded up $2.10 during trading hours on Wednesday, hitting $105.30. 1,017,433 shares of the company traded hands, compared to its average volume of 1,188,902. The business’s 50-day moving average is $108.61 and its 200-day moving average is $105.55. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.62 and a beta of 0.64.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.01. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same quarter in the prior year, the company earned $1.31 earnings per share. Sell-side analysts anticipate that DTE Energy will post 6.7 earnings per share for the current year.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Joann Chavez sold 6,070 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the sale, the senior vice president now owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,095 shares of company stock valued at $2,168,183. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DTE Energy

Several hedge funds have recently modified their holdings of DTE. Retirement Income Solutions Inc boosted its holdings in shares of DTE Energy by 6.8% during the 1st quarter. Retirement Income Solutions Inc now owns 2,498 shares of the utilities provider’s stock valued at $330,000 after acquiring an additional 158 shares in the last quarter. Prudential PLC bought a new position in DTE Energy during the 1st quarter worth $1,710,000. Cetera Investment Advisers raised its position in DTE Energy by 4.3% during the 1st quarter. Cetera Investment Advisers now owns 7,094 shares of the utilities provider’s stock worth $938,000 after purchasing an additional 290 shares during the last quarter. Moors & Cabot Inc. bought a new position in DTE Energy during the 1st quarter worth $280,000. Finally, Vanguard Group Inc. raised its position in DTE Energy by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock worth $3,044,624,000 after purchasing an additional 1,420,586 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.