DTE Energy (NYSE:DTE) had its price target raised by stock analysts at Bank of America from $101.00 to $104.00 in a research note issued on Tuesday. The firm presently has an “underperform” rating on the utilities provider’s stock. Bank of America’s target price would indicate a potential upside of 0.20% from the stock’s current price.
Several other equities analysts have also commented on DTE. Credit Suisse Group dropped their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. KeyCorp reiterated a “buy” rating and issued a $118.50 target price on shares of DTE Energy in a research note on Friday, December 15th. Guggenheim reiterated a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research note on Wednesday, January 3rd. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Wells Fargo & Co upgraded DTE Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $112.45.
DTE Energy (DTE) traded down $1.43 during trading on Tuesday, reaching $103.79. The company had a trading volume of 158,157 shares, compared to its average volume of 1,409,782. The firm has a market capitalization of $18,875.45, a price-to-earnings ratio of 19.01, a P/E/G ratio of 3.03 and a beta of 0.15. DTE Energy has a 52-week low of $97.66 and a 52-week high of $116.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77.
DTE Energy (NYSE:DTE) last released its earnings results on Friday, February 16th. The utilities provider reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.07. DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. During the same period last year, the company earned $0.81 earnings per share. equities research analysts forecast that DTE Energy will post 5.54 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of DTE. Dimensional Fund Advisors LP grew its position in DTE Energy by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 413,309 shares of the utilities provider’s stock valued at $43,725,000 after acquiring an additional 2,916 shares during the period. Gotham Asset Management LLC purchased a new stake in DTE Energy during the second quarter valued at about $209,000. Assenagon Asset Management S.A. purchased a new stake in DTE Energy during the third quarter valued at about $6,961,000. Honkamp Krueger Financial Services Inc. boosted its position in shares of DTE Energy by 64.1% in the third quarter. Honkamp Krueger Financial Services Inc. now owns 3,815 shares of the utilities provider’s stock worth $410,000 after buying an additional 1,490 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of DTE Energy by 190.0% in the third quarter. APG Asset Management N.V. now owns 658,763 shares of the utilities provider’s stock worth $70,725,000 after buying an additional 431,600 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.
DTE Energy Company Profile
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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