DTE Energy (NYSE:DTE) Downgraded to “Equal Weight” Rating by Barclays

DTE Energy (NYSE:DTE) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Thursday,Briefing.com Automated Import reports. They currently have a $135.00 price target on the utilities provider’s stock, down from their previous price target of $137.00. Barclays‘s price target would suggest a potential upside of 3.55% from the stock’s current price.

Several other research analysts have also commented on DTE. Scotiabank raised their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.67.

DTE Energy Stock Performance

Shares of DTE stock opened at $130.38 on Thursday. The business’s 50 day moving average is $121.73 and its two-hundred day moving average is $123.21. DTE Energy has a 12-month low of $103.06 and a 12-month high of $131.66. The company has a market capitalization of $27.02 billion, a P/E ratio of 19.26, a P/E/G ratio of 2.37 and a beta of 0.68. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Analysts expect that DTE Energy will post 7.18 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. Blue Trust Inc. boosted its holdings in DTE Energy by 52.5% in the 3rd quarter. Blue Trust Inc. now owns 3,042 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 1,047 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in DTE Energy by 21.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,719 shares of the utilities provider’s stock valued at $2,018,000 after purchasing an additional 2,726 shares in the last quarter. Signaturefd LLC boosted its holdings in DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 86 shares in the last quarter. Eastern Bank purchased a new stake in DTE Energy in the 3rd quarter valued at approximately $175,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of DTE Energy during the 3rd quarter worth approximately $205,000. 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.