DTE Energy (NYSE:DTE) Price Target Raised to $136.00

DTE Energy (NYSE:DTE) had its target price boosted by KeyCorp from $130.00 to $136.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

DTE has been the subject of several other research reports. Bank of America raised their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a buy rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their price objective on DTE Energy from $125.00 to $133.00 and gave the company an overweight rating in a research note on Friday, July 26th. Scotiabank upped their target price on DTE Energy from $120.00 to $137.00 and gave the stock a sector outperform rating in a research note on Tuesday, August 20th. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a report on Wednesday, August 14th. They set a buy rating and a $131.00 target price on the stock. Finally, Mizuho boosted their price target on DTE Energy from $121.00 to $133.00 and gave the company an outperform rating in a report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of Moderate Buy and an average price target of $128.67.

DTE Energy Stock Performance

Shares of DTE opened at $127.56 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The stock has a 50-day moving average of $123.75 and a two-hundred day moving average of $115.98. The stock has a market cap of $26.40 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.32 and a beta of 0.67. DTE Energy has a one year low of $90.14 and a one year high of $129.53.

DTE Energy (NYSE:DTE) last released its earnings results 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 firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, research analysts predict that DTE Energy will post 6.7 EPS for the current year.

Hedge Funds Weigh In On DTE Energy

A number of large 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 worth about $27,000. Rise Advisors LLC increased its stake in DTE Energy by 89.6% during the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after buying an additional 129 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of DTE Energy during the second quarter valued at approximately $31,000. Denali Advisors LLC acquired a new position in shares of DTE Energy during the first quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC lifted its position in shares of DTE Energy by 82.3% in the first quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 195 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.