DTE Energy (NYSE:DTE) Now Covered by Jefferies Financial Group

Equities researchers at Jefferies Financial Group assumed coverage on shares of DTE Energy (NYSE:DTE) in a research report issued on Monday, StockNewsAPI reports. The brokerage set a “hold” rating and a $137.00 price target on the utilities provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 6.28% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. LADENBURG THALM/SH SH assumed coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Morgan Stanley lifted their price objective on shares of DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Bank of America lifted their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Barclays lifted their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.38.

DTE Energy Stock Up 0.4 %

Shares of NYSE:DTE opened at $128.90 on Monday. The firm’s 50 day moving average price is $125.08 and its 200 day moving average price is $117.32. The stock has a market cap of $26.67 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. DTE Energy has a fifty-two week low of $92.58 and a fifty-two week high of $129.53. 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 (NYSE:DTE) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.21 by $0.22. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, equities research analysts predict that DTE Energy will post 6.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DTE. Calton & Associates Inc. purchased a new stake in shares of DTE Energy during the third quarter valued at $4,784,000. Cyndeo Wealth Partners LLC lifted its holdings in shares of DTE Energy by 1.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 51,968 shares of the utilities provider’s stock valued at $6,673,000 after purchasing an additional 523 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of DTE Energy by 52.5% during the third quarter. Blue Trust Inc. now owns 3,042 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 1,047 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of DTE Energy by 14.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,480 shares of the utilities provider’s stock valued at $3,015,000 after purchasing an additional 3,000 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of DTE Energy by 2.7% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 10,384 shares of the utilities provider’s stock valued at $1,333,000 after purchasing an additional 277 shares during the last quarter. 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.