BMO Capital Markets Forecasts Strong Price Appreciation for DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTE - Get Free Report) had its price objective raised by equities researchers at BMO Capital Markets from $125.00 to $135.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the utilities provider's stock. BMO Capital Markets' price target points to a potential upside of 3.00% from the company's previous close.

A number of other brokerages also recently weighed in on DTE. Wells Fargo & Company boosted their price target on DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. StockNews.com downgraded DTE Energy from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. KeyCorp downgraded DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Guggenheim raised DTE Energy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group initiated coverage on DTE Energy in a research report on Monday, October 21st. They issued a "hold" rating and a $137.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.67.

DTE Energy Stock Up 0.5 %

DTE traded up $0.69 on Tuesday, hitting $131.07. 1,505,953 shares of the company were exchanged, compared to its average volume of 1,191,292. DTE Energy has a 12 month low of $103.06 and a 12 month high of $131.84. The company has a market cap of $27.16 billion, a PE ratio of 19.36, a PEG ratio of 2.38 and a beta of 0.68. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock's fifty day moving average is $121.93 and its 200-day moving average is $123.27.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

Insider Buying and Selling

In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the sale, the chief operating officer now owns 6,951 shares of the company's stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of DTE Energy

A number of large investors have recently bought and sold shares of DTE. Mizuho Securities USA LLC grew its stake in shares of DTE Energy by 44,009.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider's stock valued at $903,878,000 after buying an additional 7,023,042 shares during the period. Capital World Investors grew its stake in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after buying an additional 3,766,221 shares during the period. Vanguard Group Inc. grew its stake in shares of DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after buying an additional 879,670 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of DTE Energy by 1,794.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after buying an additional 871,978 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of DTE Energy by 750.0% in the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock valued at $116,482,000 after buying an additional 851,169 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

About DTE Energy

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.