DTE Energy (NYSE:DTE) Lowered to "Sell" at StockNews.com

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

A number of other research analysts also recently issued reports on the stock. Mizuho lifted their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. KeyCorp boosted their target price on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Bank of America raised their price target on DTE Energy from $131.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Wells Fargo & Company upped their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, LADENBURG THALM/SH SH started coverage on DTE Energy in a research report on Wednesday, August 14th. They set a "buy" rating and a $131.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.46.

DTE Energy Stock Up 0.0 %

DTE traded up $0.06 on Monday, hitting $126.63. 939,520 shares of the company were exchanged, compared to its average volume of 1,075,285. The firm has a 50-day moving average price of $125.84 and a two-hundred day moving average price of $118.15. 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 has a twelve month low of $92.58 and a twelve month high of $131.66. The company has a market cap of $26.20 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the company posted $0.99 earnings per share. On average, equities analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DTE. Signaturefd LLC grew its holdings in shares of DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider's stock worth $371,000 after buying an additional 86 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider's stock valued at $292,000 after purchasing an additional 94 shares during the period. ASB Consultores LLC increased its holdings in shares of DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 101 shares during the period. TIAA Trust National Association raised its stake in shares of DTE Energy by 2.9% during the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider's stock worth $423,000 after purchasing an additional 106 shares during the last quarter. Finally, S.A. Mason LLC lifted its holdings in shares of DTE Energy by 10.5% during the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider's stock worth $124,000 after purchasing an additional 106 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.

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