DTE Energy (NYSE:DTE) Upgraded at StockNews.com

DTE Energy (NYSE:DTE) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other analysts have also weighed in on DTE. Morgan Stanley reduced their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Barclays boosted their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, Scotiabank lifted their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.25.

DTE Energy Trading Down 0.4 %

Shares of DTE traded down $0.44 during midday trading on Friday, hitting $119.07. The stock had a trading volume of 1,107,888 shares, compared to its average volume of 1,024,766. The stock’s 50 day moving average is $121.61 and its 200 day moving average is $122.23. The firm has a market cap of $24.66 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. DTE Energy has a 1 year low of $102.50 and a 1 year high of $131.66.

Institutional Trading of DTE Energy

Several large investors have recently added to or reduced their stakes in DTE. State Street Corp raised its stake in shares of DTE Energy by 7.0% in the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after purchasing an additional 662,569 shares during the last quarter. Mizuho Securities USA LLC raised its position in DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after buying an additional 7,023,042 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in DTE Energy by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after acquiring an additional 86,205 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of DTE Energy by 2.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock valued at $349,309,000 after acquiring an additional 64,880 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of DTE Energy by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,837 shares of the utilities provider’s stock worth $163,702,000 after acquiring an additional 14,937 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.