DTE Energy Company (NYSE:DTE) Stock Has Average Target Price of $156.46 According to Brokerages

Shares of DTE Energy Company (NYSE:DTE) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $156.46.

A number of equities analysts have recently issued reports on DTE shares. JPMorgan Chase & Co. upped their price target on DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Truist Financial lowered their price objective on DTE Energy from $166.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research report on Monday, June 15th. Finally, Mizuho decreased their price target on DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th.

Insider Activity

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the transaction, the insider owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of DTE Energy

Several large investors have recently bought and sold shares of DTE. Key Financial Inc purchased a new position in shares of DTE Energy in the first quarter worth $29,000. First Bancorp Inc ME purchased a new stake in shares of DTE Energy during the second quarter valued at $29,000. Community Bank N.A. acquired a new position in shares of DTE Energy in the 2nd quarter valued at $31,000. SHP Wealth Management acquired a new position in shares of DTE Energy in the 4th quarter valued at $35,000. Finally, N.E.W. Advisory Services LLC purchased a new position in DTE Energy in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Down 1.4%

NYSE DTE opened at $121.19 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13. The firm has a market cap of $25.22 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.37. The company has a 50 day moving average price of $137.60 and a 200 day moving average price of $143.54. DTE Energy has a 52 week low of $121.05 and a 52 week high of $155.74.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company 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 company posted $1.36 earnings per share. As a group, sell-side analysts forecast that DTE Energy will post 7.71 EPS for the current fiscal year.

DTE Energy Company Profile

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.