DTE Energy (NYSE:DTE) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of DTE Energy (NYSE:DTE) in a research note released on Monday, MarketBeat reports. The brokerage issued a hold rating and a $137.00 price target on the utilities provider’s stock.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley raised their target price on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Bank of America lifted their price objective on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Wells Fargo & Company increased their target price on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Scotiabank lifted their target price on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.54.

DTE Energy Stock Up 1.4 %

DTE stock opened at $129.99 on Monday. DTE Energy has a fifty-two week low of $92.58 and a fifty-two week high of $130.04. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The business’s 50 day moving average price is $125.52 and its two-hundred day moving average price is $117.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.22. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.99 earnings per share. As a group, analysts forecast that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DTE Energy

A number of large investors have recently added to or reduced their stakes in DTE. ESL Trust Services LLC bought a new position in DTE Energy in the first quarter worth approximately $27,000. Ridgewood Investments LLC bought a new position in DTE Energy in the 2nd quarter worth $31,000. Denali Advisors LLC bought a new position in DTE Energy in the 1st quarter worth $34,000. Salomon & Ludwin LLC lifted its position in DTE Energy by 82.3% during the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 195 shares in the last quarter. Finally, Fairscale Capital LLC bought a new stake in DTE Energy during the second quarter valued at about $54,000. 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.