StockNews.com Upgrades DTE Energy (NYSE:DTE) to “Hold”

DTE Energy (NYSE:DTE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other research analysts also recently weighed in on DTE. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Barclays increased their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Wells Fargo & Company lifted their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Scotiabank increased their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Stock Down 0.4 %

NYSE DTE traded down $0.44 during mid-day trading on Friday, reaching $119.07. The stock had a trading volume of 1,107,888 shares, compared to its average volume of 1,024,766. The stock has a market cap of $24.66 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68. DTE Energy has a 1 year low of $102.50 and a 1 year high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The company has a fifty day moving average price of $121.61 and a 200 day moving average price of $122.23.

Institutional Trading of DTE Energy

Hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy in the third quarter worth about $30,000. Prospera Private Wealth LLC bought a new stake in DTE Energy in the 3rd quarter worth approximately $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy during the 3rd quarter worth approximately $35,000. Versant Capital Management Inc boosted its position in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy in the third quarter valued at $39,000. 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.