DTE Energy (NYSE:DTE) Stock Price Target Raised at LADENBURG THALM/SH SH

DTE Energy (NYSE:DTE) had its price target boosted by equities research analysts at LADENBURG THALM/SH SH from $135.50 to $144.50 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. LADENBURG THALM/SH SH‘s target price would indicate a potential upside of 6.85% from the stock’s current price.

A number of other research analysts have also commented on DTE. Mizuho dropped their price objective on shares of DTE Energy from $152.00 to $136.00 and set an “outperform” rating on the stock in a research note on Monday, September 28th. Barclays decreased their target price on shares of DTE Energy from $154.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. HSBC began coverage on DTE Energy in a report on Thursday, October 22nd. They set a “hold” rating and a $135.00 price target on the stock. Wall Street Zen cut DTE Energy from a “hold” rating to a “sell” rating in a research report on Monday, October 19th. Finally, Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.58.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $135.23 on Friday. The firm’s fifty day simple moving average is $130.16 and its 200-day simple moving average is $140.85. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.77 and a beta of 0.35. DTE Energy has a 12 month low of $119.68 and a 12 month high of $155.74. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.62 and a quick ratio of 0.40.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.13 by $0.17. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.61 billion. DTE Energy had a net margin of 8.21% and a return on equity of 12.17%. During the same quarter in the prior year, the firm earned $2.01 EPS. As a group, equities analysts forecast that DTE Energy will post 7.70 earnings per share for the current year.

Insider Buying and Selling at DTE Energy

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total value of $678,550.00. Following the sale, the insider directly owned 73,122 shares in the company, valued at $9,923,386.62. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DTE Energy

A number of large investors have recently made changes to their positions in DTE. IFG Advisory LLC boosted its position in DTE Energy by 44.9% during the third quarter. IFG Advisory LLC now owns 300 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 93 shares in the last quarter. Optas LLC increased its position in shares of DTE Energy by 60.5% in the third quarter. Optas LLC now owns 2,388 shares of the utilities provider’s stock valued at $291,000 after buying an additional 900 shares in the last quarter. Aberdeen Group plc raised its stake in shares of DTE Energy by 4.0% during the 3rd quarter. Aberdeen Group plc now owns 73,417 shares of the utilities provider’s stock worth $8,942,000 after buying an additional 2,827 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of DTE Energy during the 3rd quarter worth $318,000. Finally, Allworth Financial LP raised its stake in shares of DTE Energy by 4.4% during the 3rd quarter. Allworth Financial LP now owns 12,862 shares of the utilities provider’s stock worth $1,567,000 after buying an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

About DTE Energy

DTE Energy is a Detroit-based energy company whose core businesses are regulated electric and natural gas utilities in Michigan. Through DTE Electric, it generates, transmits and distributes electricity, while DTE Gas provides natural gas service to customers across the state.

The company also operates non-utility businesses, including energy marketing and trading and industrial energy services. These businesses develop energy solutions such as recovering energy from industrial processes and waste, alongside the company’s investments in renewable energy generation.

DTE Energy traces its roots to Detroit Edison, founded in 1886.