DTE Energy (NYSE:DTE) Downgraded to Sell Rating by StockNews.com

DTE Energy (NYSE:DTE) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

DTE has been the subject of a number of other research reports. Jefferies Financial Group assumed coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their price target on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $134.31.

DTE Energy Trading Up 1.9 %

DTE Energy stock traded up $2.27 during midday trading on Thursday, reaching $122.88. 903,628 shares of the stock traded hands, compared to its average volume of 851,483. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The firm has a market cap of $25.45 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68. The company has a 50-day simple moving average of $121.19 and a two-hundred day simple moving average of $121.78. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DTE. Mizuho Securities USA LLC lifted its position in DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the last quarter. State Street Corp increased its position in shares of DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after purchasing an additional 662,569 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of DTE Energy in the 3rd quarter valued at about $69,894,000. Point72 Asset Management L.P. acquired a new stake in shares of DTE Energy in the 3rd quarter valued at about $66,733,000. Finally, Nordea Investment Management AB grew its stake in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after buying an additional 211,763 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

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.