DTE Energy (NYSE:DTE) Receives $131.46 Consensus Price Target from Analysts

DTE Energy (NYSE:DTE) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $131.46.

Several equities research analysts recently issued reports on the company. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Mizuho increased their target price on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. KeyCorp boosted their price target on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective on the stock.

DTE Energy Stock Performance

DTE opened at $125.14 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The business has a fifty day simple moving average of $124.63 and a 200 day simple moving average of $119.76. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The company has a market capitalization of $25.92 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.30 and a beta of 0.68.

Institutional Investors Weigh In On DTE Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy during the third quarter valued at about $30,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy during the 3rd quarter worth approximately $35,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy during the 3rd quarter worth approximately $35,000. Ridgewood Investments LLC acquired a new position in DTE Energy in the 2nd quarter valued at approximately $31,000. Finally, Coastline Trust Co bought a new position in shares of DTE Energy during the third quarter valued at $39,000. Institutional investors 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.