DTE Energy (NYSE:DTE) Rating Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research report report published on Monday.

DTE has been the topic of several other reports. Bank of America boosted their price objective on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective for the company. BMO Capital Markets boosted their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Wells Fargo & Company raised their target price on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group initiated coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $124.21 on Monday. The stock has a market cap of $25.72 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. DTE Energy has a 1 year low of $92.58 and a 1 year high of $131.66. The firm has a fifty day moving average price of $125.89 and a 200-day moving average price of $118.36. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DTE. ESL Trust Services LLC bought a new position in shares of DTE Energy during the 1st quarter worth $27,000. Ridgewood Investments LLC purchased a new position in DTE Energy during the 2nd quarter valued at about $31,000. Denali Advisors LLC bought a new stake in shares of DTE Energy in the 1st quarter valued at about $34,000. Salomon & Ludwin LLC lifted its position in shares of DTE Energy by 82.3% in the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 195 shares during the period. Finally, Fairscale Capital LLC bought a new position in shares of DTE Energy during the second quarter valued at approximately $54,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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.