DTE Energy (NYSE:DTE) Given New $138.00 Price Target at KeyCorp

by · The Cerbat Gem

DTE Energy (NYSE:DTE – Get Free Report) had its price target increased by equities research analysts at KeyCorp from $136.00 to $138.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective points to a potential upside of 7.64% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Morgan Stanley raised their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Scotiabank lifted their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets boosted their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday. Wells Fargo & Company increased their price objective on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Bank of America boosted their target price on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.54.

Check Out Our Latest Stock Report on DTE Energy

DTE Energy Stock Up 0.2 %

NYSE:DTE opened at $128.20 on Tuesday. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 20.98, 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 stock has a 50-day moving average price of $125.23 and a two-hundred day moving average price of $117.45. DTE Energy has a 1 year low of $92.58 and a 1 year high of $129.53.

DTE Energy (NYSE:DTE – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.22. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period in the previous year, the firm earned $0.99 EPS. As a group, equities analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

Institutional Trading of DTE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors grew its position in shares of DTE Energy by 1.2% in the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after acquiring an additional 261,623 shares during the period. Ameriprise Financial Inc. grew its holdings in DTE Energy by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after purchasing an additional 86,205 shares during the period. Clearbridge Investments LLC raised its stake in DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after buying an additional 1,756,459 shares during the period. Janus Henderson Group PLC raised its stake in DTE Energy by 6,964.9% in the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after buying an additional 2,060,762 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of DTE Energy by 3.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock valued at $185,066,000 after buying an additional 59,811 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Company Profile

(Get Free Report)

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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