Brokerages Set DTE Energy (NYSE:DTE) PT at $130.54

DTE Energy (NYSE:DTE - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $131.46.

Several research firms have commented on DTE. Barclays increased their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Scotiabank increased their price objective on DTE Energy from $120.00 to $137.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Morgan Stanley boosted their target price on DTE Energy from $121.00 to $128.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a "buy" rating and a $131.00 price objective for the company. Finally, BMO Capital Markets raised their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a research note on Friday, October 18th.

DTE Energy Stock Down 2.5 %

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 stock has a market cap of $26.19 billion, a P/E ratio of 20.77, a PEG ratio of 2.29 and a beta of 0.67. The business's 50 day moving average is $125.68 and its 200 day moving average is $117.75. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. DTE Energy has a fifty-two week low of $92.58 and a fifty-two week high of $131.66.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, October 24th. The utilities provider reported $2.22 EPS for the quarter, topping the consensus estimate of $1.87 by $0.35. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3.17 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. As a group, sell-side analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

Hedge Funds Weigh In On DTE Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new stake in shares of DTE Energy during the 1st quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new stake in DTE Energy during the second quarter worth $31,000. Denali Advisors LLC bought a new stake in DTE Energy in the 1st quarter valued at $34,000. Salomon & Ludwin LLC increased its holdings in DTE Energy by 82.3% in the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider's stock valued at $48,000 after buying an additional 195 shares during the period. Finally, Fairscale Capital LLC acquired a new position in shares of DTE Energy in the 2nd quarter valued at $54,000. 76.06% of the stock is currently owned by institutional investors.

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.