DTE Energy (NYSE:DTE) Given Buy Rating at DZ Bank

DTE Energy (NYSE:DTE)‘s stock had its “buy” rating restated by research analysts at DZ Bank in a research report issued to clients and investors on Friday, Stock Target Advisor reports.

Several other research analysts have also recently issued reports on the company. Mizuho set a $134.00 price objective on DTE Energy and gave the stock a “buy” rating in a research report on Monday, October 21st. Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a research report on Saturday, November 2nd. JPMorgan Chase & Co. initiated coverage on DTE Energy in a research report on Tuesday, October 8th. They set a “neutral” rating and a $144.00 price objective for the company. ValuEngine cut DTE Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of DTE Energy in a research report on Saturday, November 2nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. DTE Energy presently has an average rating of “Buy” and an average price target of $130.17.

DTE traded down $1.29 on Friday, hitting $120.49. 1,403,227 shares of the company were exchanged, compared to its average volume of 1,025,313. DTE Energy has a twelve month low of $107.22 and a twelve month high of $134.37. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 3.32 and a beta of 0.18. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $129.24 and a two-hundred day moving average price of $128.54.

DTE Energy (NYSE:DTE) last released its earnings results on Monday, October 28th. The utilities provider reported $1.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.09). DTE Energy had a return on equity of 9.93% and a net margin of 8.24%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. Equities analysts expect that DTE Energy will post 6.2 EPS for the current year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other news, Director Gary Torgow bought 1,537 shares of DTE Energy stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $129.95 per share, with a total value of $199,733.15. Following the acquisition, the director now owns 2,537 shares of the company’s stock, valued at $329,683.15. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Gerard M. Anderson sold 11,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $128.02, for a total value of $1,472,230.00. Following the completion of the sale, the chairman now directly owns 80,406 shares of the company’s stock, valued at $10,293,576.12. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 21,203,264 shares of the utilities provider’s stock valued at $2,711,474,000 after purchasing an additional 272,213 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of DTE Energy by 7.2% in the 2nd quarter. BlackRock Inc. now owns 15,596,423 shares of the utilities provider’s stock valued at $1,994,469,000 after purchasing an additional 1,047,518 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of DTE Energy by 2.2% in the 2nd quarter. Northern Trust Corp now owns 2,470,754 shares of the utilities provider’s stock valued at $315,960,000 after purchasing an additional 52,102 shares during the last quarter. Boston Partners lifted its holdings in shares of DTE Energy by 8.7% in the 2nd quarter. Boston Partners now owns 1,858,705 shares of the utilities provider’s stock valued at $237,706,000 after purchasing an additional 148,475 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of DTE Energy by 10.1% in the 2nd quarter. Invesco Ltd. now owns 1,768,182 shares of the utilities provider’s stock valued at $226,115,000 after purchasing an additional 162,549 shares during the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

Featured Story: What moving averages are used to define a golden cross?

Stock Target Advisor

Analyst Recommendations for DTE Energy (NYSE:DTE)

Leave a Reply

Your email address will not be published. Required fields are marked *

*