DTE Energy (NYSE:DTE) Downgraded by StockNews.com to Sell

DTE Energy (NYSE:DTE - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Thursday.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group initiated coverage on DTE Energy in a research note on Monday, October 21st. They set a "hold" rating and a $137.00 price target on the stock. Guggenheim upgraded DTE Energy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. KeyCorp downgraded shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, Morgan Stanley decreased their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.25.

DTE Energy Stock Up 1.1 %

Shares of NYSE DTE traded up $1.40 during mid-day trading on Thursday, reaching $129.21. 1,891,676 shares of the company traded hands, compared to its average volume of 1,108,923. The company's fifty day moving average is $121.24 and its two-hundred day moving average is $123.07. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $131.66. The stock has a market cap of $26.76 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 13.42% and a net margin of 12.33%. On average, analysts expect that DTE Energy will post 6.77 earnings per share for the current year.

Institutional Trading of DTE Energy

Large investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new stake in DTE Energy during the 3rd quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the third quarter worth approximately $35,000. Prospera Private Wealth LLC bought a new stake in shares of DTE Energy during the third quarter valued at approximately $35,000. Versant Capital Management Inc increased its holdings in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 267 shares in the last quarter. Finally, Coastline Trust Co bought a new position in DTE Energy in the 3rd quarter worth approximately $39,000. 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.