DTE Energy (NYSE:DTE) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of DTE Energy (NYSE:DTE - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $131.46.

A number of research firms have commented on DTE. Morgan Stanley lifted their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Bank of America boosted their target price on DTE Energy from $131.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Wells Fargo & Company increased their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Mizuho boosted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, KeyCorp lifted their price objective on DTE Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently bought and sold shares of DTE. Legacy Investment Solutions LLC purchased a new stake in DTE Energy during the third quarter valued at about $30,000. Ridgewood Investments LLC acquired a new position in shares of DTE Energy in the 2nd quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy during the 3rd quarter worth about $35,000. Prospera Private Wealth LLC acquired a new stake in DTE Energy during the 3rd quarter worth approximately $35,000. Finally, Coastline Trust Co purchased a new position in DTE Energy in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Stock Performance

Shares of DTE traded up $1.18 during mid-day trading on Tuesday, reaching $121.68. 2,174,240 shares of the company's stock were exchanged, compared to its average volume of 1,116,941. The business's fifty day simple moving average is $124.82 and its 200-day simple moving average is $119.43. The stock has a market capitalization of $25.20 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. DTE Energy has a 52-week low of $101.44 and a 52-week high of $131.66. 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 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.