KeyCorp Increases DTE Energy (NYSE:DTE) Price Target to $136.00

DTE Energy (NYSE:DTE) had its price objective increased by equities research analysts at KeyCorp from $130.00 to $136.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target would indicate a potential upside of 5.68% from the company’s current price.

DTE has been the topic of several other research reports. Scotiabank lifted their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Mizuho upped their price target on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. BMO Capital Markets increased their price target on shares of DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Morgan Stanley increased their target price on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

DTE Energy Trading Up 0.2 %

Shares of DTE Energy stock opened at $128.70 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company has a fifty day simple moving average of $123.34 and a 200-day simple moving average of $115.80. The stock has a market cap of $26.63 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.32 and a beta of 0.67. DTE Energy has a 12-month low of $90.14 and a 12-month high of $129.53.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. On average, equities analysts forecast that DTE Energy will post 6.7 EPS for the current fiscal year.

Institutional Investors Weigh In On DTE Energy

A number of institutional investors have recently added to or reduced their stakes in DTE. ESL Trust Services LLC purchased a new position in shares of DTE Energy during the 1st quarter worth approximately $27,000. Rise Advisors LLC raised its position in DTE Energy by 89.6% in the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 129 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in DTE Energy in the second quarter valued at $31,000. Denali Advisors LLC purchased a new stake in shares of DTE Energy during the 1st quarter worth $34,000. Finally, Salomon & Ludwin LLC grew 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 period. Hedge funds and other 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.