DTE Energy (NYSE:DTE) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research report report published on Monday morning.

DTE has been the subject of several other research reports. Jefferies Financial Group began coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective for the company. Bank of America raised their target price on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. KeyCorp boosted their price target on DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, Mizuho raised their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Stock Performance

DTE opened at $124.21 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. DTE Energy has a 12-month low of $92.58 and a 12-month high of $131.66. The firm has a 50 day moving average of $125.89 and a two-hundred day moving average of $118.36. The firm has a market capitalization of $25.72 billion, a PE ratio of 16.83, a P/E/G ratio of 2.29 and a beta of 0.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 81 shares during the period. Signaturefd LLC grew its holdings in shares of DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in DTE Energy by 3.7% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after buying an additional 94 shares during the last quarter. ASB Consultores LLC increased its holdings in shares of DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 101 shares during the period. Finally, TIAA Trust National Association increased its stake in DTE Energy by 2.9% in the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds 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.