2 weeks Ago By ABMN Staff
Shares of DTE Energy ( NYSE:DTE – Get Free Report ) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company.
The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $128.17. A number of equities research analysts recently issued reports on the stock.
Morgan Stanley increased their target price on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th.
Bank of America raised their price objective on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.
Wells Fargo & Company boosted their target price on DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, July 26th.
Barclays increased their price target on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th.
Finally, Scotiabank boosted their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th.
Read Our Latest Research Report on DTE Energy Institutional Investors Weigh In On DTE Energy DTE Energy Stock Performance Shares of DTE stock opened at $127.38 on Monday. DTE Energy has a fifty-two week low of $90.
14 and a fifty-two week high of $127.89. The stock’s 50-day moving average is $122.
86 and its two-hundred day moving average is $115.53. The company has a debt-to-equity ratio of 1.
73, a current ratio of 0.69 and a quick ratio of 0.52.
The firm has a market cap of $26.36 billion, a P/E ratio of 20.85, a PEG ratio of 2.
32 and a beta of 0.67. DTE Energy ( NYSE:DTE – Get Free Report ) last issued its quarterly earnings data on Thursday, July 25th.
The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.
22. DTE Energy had a net margin of 11.18% and a return on equity of 12.
18%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.
65 billion. During the same quarter last year, the firm earned $0.99 earnings per share.
Analysts predict that DTE Energy will post 6.7 earnings per share for the current fiscal year. DTE Energy Company Profile ( Get Free Report 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. See Also Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.
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