DTE Energy’s (DTE) Hold Rating Reiterated at BMO Capital Markets

DTE Energy Company (NYSE:DTE)‘s stock had its “hold” rating reiterated by equities research analysts at BMO Capital Markets in a research report issued on Friday. They currently have a $111.00 price objective on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 4.01% from the company’s previous close.

Several other research analysts also recently issued reports on DTE. BidaskClub downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 price objective (up previously from $108.50) on shares of DTE Energy in a report on Thursday, April 27th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Deutsche Bank AG upped their price objective on DTE Energy from $100.00 to $103.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of DTE Energy in a report on Sunday, April 23rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $108.00.

Shares of DTE Energy (DTE) opened at 106.72 on Friday. DTE Energy has a 1-year low of $89.66 and a 1-year high of $111.35. The company has a market cap of $19.14 billion, a P/E ratio of 18.37 and a beta of 0.21. The stock has a 50 day moving average price of $107.39 and a 200-day moving average price of $103.58.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. Analysts predict that DTE Energy will post $5.41 earnings per share for the current fiscal year.

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In other news, SVP Bruce D. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $3,209,492.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $109.51, for a total value of $46,651.26. Following the completion of the transaction, the vice president now directly owns 2,543 shares in the company, valued at approximately $278,483.93. The disclosure for this sale can be found here. In the last three months, insiders sold 14,064 shares of company stock worth $1,528,761. 0.53% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DTE. Gradient Investments LLC increased its position in DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after buying an additional 3 shares during the period. Whittier Trust Co. increased its position in DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock worth $131,000 after buying an additional 14 shares during the period. Johnson Financial Group Inc. increased its position in DTE Energy by 226.0% in the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock worth $158,000 after buying an additional 1,069 shares during the period. Van ECK Associates Corp increased its position in DTE Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock worth $158,000 after buying an additional 237 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its position in DTE Energy by 2.1% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,633 shares of the utilities provider’s stock worth $173,000 after buying an additional 33 shares during the period. 67.94% of the stock is currently owned by institutional investors.

DTE Energy Company Profile

Analyst Recommendations for DTE Energy (NYSE:DTE)

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