DTE Energy (NYSE:DTE) Given New $145.00 Price Target at Wells Fargo & Company

DTE Energy (NYSE:DTE) had its target price upped by analysts at Wells Fargo & Company from $133.00 to $145.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 11.76% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday. They issued a “hold” rating and a $137.00 target price on the stock. Mizuho boosted their target price on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. KeyCorp raised their price target on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective for the company. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Trading Down 0.2 %

DTE stock opened at $129.74 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a twelve month low of $92.58 and a twelve month high of $131.66. The company has a market cap of $26.85 billion, a P/E ratio of 21.23, a PEG ratio of 2.29 and a beta of 0.67. The business has a fifty day moving average of $125.52 and a 200-day moving average of $117.67.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, October 24th. The utilities provider reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.35. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.17 billion. As a group, equities research analysts expect that DTE Energy will post 6.7 EPS for the current year.

Institutional Investors Weigh In On DTE Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. ESL Trust Services LLC acquired a new position in DTE Energy during the first quarter worth $27,000. Ridgewood Investments LLC bought a new position in shares of DTE Energy in the 2nd quarter valued at about $31,000. Denali Advisors LLC bought a new position in shares of DTE Energy in the 1st quarter valued at about $34,000. Salomon & Ludwin LLC increased its stake in shares of DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 195 shares during the last quarter. Finally, Fairscale Capital LLC bought a new stake in shares of DTE Energy in the 2nd quarter valued at about $54,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

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.