DTE Energy (NYSE:DTE – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.
A number of other equities analysts also recently weighed in on the company. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price target on shares of DTE Energy in a research report on Monday, June 15th. Weiss Ratings raised DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. TD Cowen began coverage on DTE Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $166.00 target price for the company. JPMorgan Chase & Co. boosted their target price on DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Mizuho dropped their price target on DTE Energy from $164.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.
Read Our Latest Research Report on DTE
DTE Energy Price Performance
DTE Energy (NYSE:DTE – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. During the same quarter last year, the firm posted $1.36 EPS. On average, research analysts forecast that DTE Energy will post 7.71 earnings per share for the current fiscal year.
Insider Buying and Selling
In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the transaction, the insider directly owned 73,122 shares of the company’s stock, valued at $9,923,386.62. This represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.
Institutional Investors Weigh In On DTE Energy
A number of institutional investors have recently made changes to their positions in DTE. First Bancorp Inc ME acquired a new stake in DTE Energy during the 2nd quarter worth approximately $29,000. Key Financial Inc acquired a new position in DTE Energy in the 1st quarter valued at $29,000. Community Bank N.A. acquired a new position in DTE Energy in the 2nd quarter valued at $31,000. N.E.W. Advisory Services LLC bought a new position in DTE Energy during the 2nd quarter worth $35,000. Finally, Optiver Holding B.V. bought a new position in DTE Energy during the 1st quarter worth $36,000. Institutional investors own 76.06% of the company’s stock.
Key DTE Energy News
Here are the key news stories impacting DTE Energy this week:
- Positive Sentiment: DTE’s agreements with major hyperscalers could make it a potential beneficiary of the data-center power buildout. The anticipated increase in electricity demand may support long-term earnings and infrastructure growth. DTE Could Be One of the Quiet Winners of the Data Center Boom
- Positive Sentiment: Although Morgan Stanley lowered its price target to $141 from $148, it maintained an “overweight” rating, implying the stock remains viewed as undervalued relative to its expected performance. Morgan Stanley Adjusts DTE Energy Price Target
- Positive Sentiment: A separate analysis argues that DTE’s dividend and valuation make the stock potentially undervalued, providing support for income-focused investors. DTE Energy Stock May Be Undervalued on Dividend Strength
- Neutral Sentiment: DTE’s CEO highlighted the company’s long-running support for DAPCEP, a Detroit education and workforce-development organization. The announcement strengthens DTE’s community and talent-development profile but has limited immediate earnings impact. Why DTE’s CEO Is Thankful for DAPCEP’s Support
- Negative Sentiment: The Morgan Stanley target reduction reflects more cautious near-term expectations and likely contributed to selling pressure, despite the continued overweight recommendation. DTE Energy Stock Slips as Morgan Stanley Cuts Target
- Negative Sentiment: Calls from John James for greater electricity competition in DTE’s market could create longer-term regulatory and pricing risks if they lead to changes in the company’s operating environment. John James Calls for More Electricity Competition
DTE Energy Company Profile
DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.
DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.
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