DTE Energy (NYSE:DTE) Given New $145.00 Price Target at Wells Fargo & Company

DTE Energy (NYSE:DTE - Get Free Report) had its price target raised by analysts at Wells Fargo & Company from $133.00 to $145.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. Wells Fargo & Company's price objective indicates a potential upside of 14.56% from the company's previous close.

DTE has been the subject of several other research reports. KeyCorp lifted their price target on DTE Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday. Morgan Stanley boosted their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 11th. Scotiabank raised their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a "buy" rating and a $131.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.46.

DTE Energy Price Performance

Shares of NYSE:DTE traded down $3.20 during mid-day trading on Friday, reaching $126.57. The stock had a trading volume of 1,275,942 shares, compared to its average volume of 1,075,940. The business's 50 day moving average price is $125.68 and its 200 day moving average price is $117.75. DTE Energy has a 1 year low of $92.58 and a 1 year high of $131.66. The company has a market cap of $26.19 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The utilities provider reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.35. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3.17 billion. Research analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

Institutional Investors Weigh In On DTE Energy

A number of institutional investors have recently added to or reduced their stakes in DTE. ESL Trust Services LLC purchased a new stake in shares of DTE Energy during the first quarter valued at about $27,000. Ridgewood Investments LLC acquired a new stake in DTE Energy in the second quarter valued at approximately $31,000. Denali Advisors LLC purchased a new position in DTE Energy in the first quarter worth $34,000. Salomon & Ludwin LLC increased its position in shares of DTE Energy by 82.3% during the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider's stock worth $48,000 after purchasing an additional 195 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new stake in shares of DTE Energy during the 2nd quarter valued at $54,000. Institutional investors own 76.06% of the company's stock.

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.