KeyCorp Increases DTE Energy (NYSE:DTE) Price Target to $130.00

DTE Energy (NYSE:DTE) had its price target raised by KeyCorp from $126.00 to $130.00 in a research report sent to investors on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the utilities provider’s stock.

A number of other research analysts have also recently weighed in on the stock. 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. Barclays raised their price target on DTE Energy from $123.00 to $128.00 and gave the stock an overweight rating in a research report on Tuesday, July 30th. BMO Capital Markets upped their price objective on DTE Energy from $126.00 to $135.00 and gave the company a market perform rating in a research report on Friday, September 6th. Scotiabank lifted their price objective on DTE Energy from $120.00 to $137.00 and gave the stock a sector outperform rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley boosted their target price on shares of DTE Energy from $114.00 to $121.00 and gave the company an overweight rating in a research note on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, DTE Energy currently has a consensus rating of Moderate Buy and a consensus price target of $127.58.

DTE Energy Stock Performance

DTE opened at $123.53 on Monday. DTE Energy has a 1-year low of $90.14 and a 1-year high of $127.59. The stock has a market cap of $25.56 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.28 and a beta of 0.67. The stock’s 50 day simple moving average is $121.60 and its 200 day simple moving average is $114.87. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52.

DTE Energy (NYSE:DTE) last posted its earnings results 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. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, equities analysts anticipate that DTE Energy will post 6.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Securities Inc. purchased a new stake in DTE Energy in the fourth quarter valued at approximately $54,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of DTE Energy by 5.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,003 shares of the utilities provider’s stock valued at $331,000 after buying an additional 157 shares during the period. Quadrant Capital Group LLC grew its stake in shares of DTE Energy by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,866 shares of the utilities provider’s stock valued at $206,000 after buying an additional 227 shares during the period. Kentucky Retirement Systems raised its position in shares of DTE Energy by 4.7% in the 4th quarter. Kentucky Retirement Systems now owns 16,496 shares of the utilities provider’s stock worth $1,819,000 after buying an additional 738 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in DTE Energy by 4.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,345 shares of the utilities provider’s stock valued at $810,000 after acquiring an additional 310 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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.