UBS Group began coverage on shares of DTE Energy (NYSE:DTE) in a research note released on Friday morning, www.benzinga.com reports. The brokerage issued a neutral rating and a $108.00 target price on the utilities provider’s stock.
A number of other brokerages have also recently commented on DTE. KeyCorp reissued a buy rating and issued a $118.50 price target on shares of DTE Energy in a research report on Friday, December 15th. Bank of America began coverage on DTE Energy in a research report on Tuesday, October 24th. They issued an underperform rating and a $112.00 price target on the stock. Credit Suisse Group dropped their price target on DTE Energy from $113.00 to $112.00 and set a neutral rating on the stock in a research report on Thursday, October 26th. Guggenheim reissued a buy rating and issued a $121.00 price target on shares of DTE Energy in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research cut DTE Energy from a buy rating to a hold rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $113.75.
Shares of DTE Energy (DTE) opened at $103.28 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. DTE Energy has a 12-month low of $96.56 and a 12-month high of $116.74. The company has a market capitalization of $18,527.43, a P/E ratio of 20.05, a PEG ratio of 2.98 and a beta of 0.15.
In related news, Chairman Gerard M. Anderson sold 12,389 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $112.93, for a total value of $1,399,089.77. Following the transaction, the chairman now directly owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in DTE. GSA Capital Partners LLP bought a new position in DTE Energy in the 2nd quarter valued at approximately $502,000. Pinebridge Investments L.P. bought a new position in DTE Energy in the 2nd quarter valued at approximately $161,000. D.A. Davidson & CO. lifted its position in DTE Energy by 36.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,497 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 397 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in DTE Energy by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 413,309 shares of the utilities provider’s stock valued at $43,725,000 after acquiring an additional 2,916 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of DTE Energy during the 2nd quarter valued at $874,000. 68.16% of the stock is currently owned by institutional investors and hedge funds.
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About DTE Energy
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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