DTE Energy (NYSE:DTE) Given New $135.00 Price Target at BMO Capital Markets

DTE Energy (NYSE:DTE) had its price objective boosted by equities researchers at BMO Capital Markets from $125.00 to $135.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 4.26% from the company’s current price.

DTE has been the subject of several other research reports. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. Scotiabank boosted their price objective on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley lowered their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, Wells Fargo & Company raised their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.83.

DTE Energy Trading Up 0.3 %

Shares of DTE Energy stock traded up $0.44 on Tuesday, reaching $129.48. The company had a trading volume of 918,774 shares, compared to its average volume of 1,164,312. The firm’s 50-day moving average price is $121.39 and its two-hundred day moving average price is $123.12. DTE Energy has a 1 year low of $103.06 and a 1 year high of $131.66. The firm has a market cap of $26.82 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 2.25 and a beta of 0.68. 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 (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. As a group, research analysts predict that DTE Energy will post 6.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DTE Energy

Several hedge funds have recently modified their holdings of the business. Creative Planning raised its stake in DTE Energy by 6.2% in the third quarter. Creative Planning now owns 66,907 shares of the utilities provider’s stock worth $8,592,000 after buying an additional 3,893 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of DTE Energy by 52.5% in the 3rd quarter. Blue Trust Inc. now owns 3,042 shares of the utilities provider’s stock valued at $391,000 after acquiring an additional 1,047 shares during the period. Roof Eidam Maycock Peralta LLC bought a new position in shares of DTE Energy in the 3rd quarter worth $229,000. Calton & Associates Inc. purchased a new stake in shares of DTE Energy during the 3rd quarter worth $215,000. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of DTE Energy by 21.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,719 shares of the utilities provider’s stock worth $2,018,000 after purchasing an additional 2,726 shares during the last quarter. Hedge funds and other 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.