DTE Energy (NYSE:DTE) Upgraded at StockNews.com

StockNews.com upgraded shares of DTE Energy (NYSE:DTE) from a sell rating to a hold rating in a research note released on Tuesday morning.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. 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 report on Monday, October 7th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective for the company. Mizuho lifted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, BMO Capital Markets lifted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Up 1.9 %

NYSE:DTE traded up $2.23 during trading hours on Tuesday, reaching $119.27. The company had a trading volume of 360,816 shares, compared to its average volume of 1,081,680. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The firm has a market cap of $24.70 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 2.20 and a beta of 0.68. The business’s 50-day simple moving average is $125.71 and its two-hundred day simple moving average is $118.90. DTE Energy has a twelve month low of $97.43 and a twelve month high of $131.66.

Hedge Funds Weigh In On DTE Energy

Several hedge funds have recently bought and sold shares of the company. Capital Research Global Investors grew its stake in DTE Energy by 1.2% in the 1st quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after buying an additional 261,623 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of DTE Energy by 44,009.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after purchasing an additional 7,023,042 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after purchasing an additional 86,205 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of DTE Energy by 224.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after purchasing an additional 1,756,459 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of DTE Energy by 6,964.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

About DTE Energy

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.