DTE Energy (NYSE:DTE) Stock Price Expected to Rise, Guggenheim Analyst Says

DTE Energy (NYSE:DTE) had its price objective hoisted by research analysts at Guggenheim from $139.00 to $147.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Guggenheim’s price target would indicate a potential upside of 7.99% from the company’s current price.

A number of other research analysts also recently issued reports on DTE. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Morgan Stanley upped their target price on DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $138.58.

DTE Energy Trading Down 0.6 %

NYSE:DTE traded down $0.82 during trading hours on Friday, hitting $136.13. 334,251 shares of the company were exchanged, compared to its average volume of 1,079,848. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. DTE Energy has a one year low of $103.06 and a one year high of $137.70. The company has a fifty day simple moving average of $127.02 and a 200 day simple moving average of $124.79. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Sell-side analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

Insider Buying and Selling at DTE Energy

In other news, CAO Tracy J. Myrick sold 1,014 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DTE Energy

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after acquiring an additional 879,670 shares in the last quarter. State Street Corp grew its position in DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after purchasing an additional 662,569 shares in the last quarter. Capital World Investors grew its position in DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after purchasing an additional 3,766,221 shares in the last quarter. Geode Capital Management LLC increased its stake in DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider’s stock valued at $592,642,000 after buying an additional 115,270 shares during the last quarter. Finally, Boston Partners lifted its position in shares of DTE Energy by 25.1% during the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock worth $350,150,000 after buying an additional 582,643 shares in the last quarter. 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.