DTE Energy (NYSE:DTE) Rating Lowered to Sell at Wall Street Zen

DTE Energy (NYSE:DTE) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other analysts have also recently commented on DTE. Mizuho cut their target price on DTE Energy from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Bank of America restated a “buy” rating on shares of DTE Energy in a research note on Wednesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of DTE Energy in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, TD Cowen started coverage on DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.62.

DTE Energy Stock Up 0.0%

DTE stock opened at $140.84 on Friday. The stock has a market cap of $29.31 billion, a P/E ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.38. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. DTE Energy has a twelve month low of $126.23 and a twelve month high of $155.74. The company’s 50 day moving average is $146.83 and its two-hundred day moving average is $145.21.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.18. The business had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter in the prior year, the business posted $1.36 EPS. Research analysts expect that DTE Energy will post 7.71 earnings per share for the current fiscal year.

Institutional Trading of DTE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTE. Laurel Wealth Advisors LLC purchased a new position in shares of DTE Energy in the 4th quarter valued at approximately $25,000. Quest 10 Wealth Builders Inc. raised its stake in shares of DTE Energy by 754.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 181 shares during the last quarter. Torren Management LLC purchased a new stake in shares of DTE Energy during the fourth quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in shares of DTE Energy during the fourth quarter worth approximately $29,000. Finally, Key Financial Inc acquired a new stake in shares of DTE Energy during the first quarter worth $29,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.