DTE Energy (NYSE:DTE)‘s stock had its “neutral” rating reissued by research analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday. They currently have a $107.00 price target on the utilities provider’s stock, up from their prior price target of $106.00. Credit Suisse Group’s price target indicates a potential upside of 3.54% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Wednesday, January 3rd. Zacks Investment Research raised DTE Energy from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Monday, January 8th. Wells Fargo & Co raised DTE Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, January 12th. KeyCorp reissued a “buy” rating and issued a $118.50 price target on shares of DTE Energy in a research note on Friday, December 15th. Finally, UBS Group started coverage on DTE Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $108.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $112.45.
Shares of DTE Energy (DTE) traded up $0.14 during trading on Tuesday, reaching $103.34. 323,850 shares of the company’s stock traded hands, compared to its average volume of 1,417,188. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20. DTE Energy has a 12-month low of $97.66 and a 12-month high of $116.74. The company has a market capitalization of $18,875.45, a PE ratio of 18.90, a PEG ratio of 3.03 and a beta of 0.14.
DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Friday, February 16th. The utilities provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. During the same period in the previous year, the firm earned $0.81 EPS. equities research analysts anticipate that DTE Energy will post 5.54 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Spectrum Management Group Inc. purchased a new position in DTE Energy during the 3rd quarter valued at about $111,000. SeaCrest Wealth Management LLC purchased a new position in DTE Energy during the 4th quarter valued at about $138,000. Focused Wealth Management Inc purchased a new position in DTE Energy during the 4th quarter valued at about $164,000. Lenox Wealth Advisors Inc. purchased a new position in DTE Energy during the 4th quarter valued at about $190,000. Finally, Capital One National Association purchased a new position in DTE Energy during the 4th quarter valued at about $201,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.
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DTE Energy Company Profile
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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