According to Benzinga, analysts working for Morgan Stanley raised their price target for shares of DTE Energy (NYSE: DTE) in a research report published on Friday. The new price target is $123, up from the previous price target of $115.00. At this time, the company classifies the utility provider’s shares as having an “overweight” position in its portfolio. The price target established by Morgan Stanley may lead to a gain of 6.46 percent in the stock price.
Recent opinions on the stock can be found online, and they come from a wide variety of independent equity research specialists. Credit Suisse Group revealed in a research note that was made public on August 9 that the price objective they have established for DTE Energy shares has increased to $140.00. On Friday, October 28, Citigroup presented a research report in which they announced a reduction in their price objective for DTE Energy shares from $140.00 to $139.00. This change was publicized in the report. In a research report made public on Monday, July 18, Barclays lowered their price target for DTE Energy shares from $141.00 to $131.00 and changed their rating for the stock from “equal weight” to “underweight.” Both of these changes were made in response to a decrease in the stock price. The Street lowered DTE Energy’s rating from “b” to “c+” in a research note released on Thursday, October 6. The note was published. Finally, on October 12, StockNews.com published an article containing research about DTE Energy, marking the beginning of the website’s coverage of the company. They recommended that shareholders “hold” their shares of the company. Six market analysts have assigned a “buy” rating to the stock, while only four have assigned a “hold” rating. According to data from Bloomberg, the consensus opinion regarding DTE Energy is that the stock merits a “Moderate Buy” rating, and investors anticipate the stock will reach a $128.73. Additionally, the data reveals that investors believe the stock will reach a price of $128.73.
When trading started on Friday, the price of a share of DTE Energy was $115.54 per share. The current ratio is 0.79, the quick ratio is 0.60, and the debt-to-equity ratio is 1.94. All three ratios are very close to each other. Moreover, there is a striking similarity between each of the three ratios. The current price of DTE Energy is $100.64, which is 52.5% lower than its 52-week high of $140.23, which was reached earlier today. The moving average price of the stock over the past fifty days is $117.89, and the moving average price over the past two hundred days is $125.03, respectively. The company’s market capitalization is currently estimated to be $22.38 billion. It has a price-to-earnings ratio of 19.99, a price-to-earnings-to-growth ratio of 3.08, and a beta value of 0.60. The fact that the company is trading at a premium can be deduced from these metrics.
The most recent quarterly earnings report for DTE Energy, which is traded on the New York Stock Exchange under the ticker symbol “DTE,” was made public on October 27. The company that provides utilities reported earnings per share for the quarter of $1.60, which was $0.02 higher than the average forecast of $1.58. The company reported the earnings. The net margin and return on equity for DTE Energy came in rather high, at 5.79 and 12.90%, respectively. Both of these figures are considered to be fairly high. In addition, the company’s earnings per share came in at $1.72, comparable to what it was during the same period the year before. It is anticipated by those who follow the market that DTE Energy will generate earnings of 6.02 cents per share this year.
On August 22, Senior Vice President Joann Chavez made a transaction in which she sold 1,000 shares of the company’s stock. This information is relevant to this topic. The total amount received for the sale of the shares was $135,620.00, which is equivalent to the shares being sold at a weighted average price of $135.62 each. Following the completion of the transaction, the senior vice president will have a total of 9,657 company shares, which at the moment have a value of approximately $1,309,682.34. On the Securities and Exchange Commission (SEC) website, you can currently access the information submitted to the SEC in connection with the sale. The company’s officers, directors, and key employees own 0.61% of its equity.
Recently, several prominent investors have been involved in transactions involving buying and selling company shares. These transactions have taken place in recent times. In the first three months of 2018, Capital Research Global Investors made a 14.3% increase in the amount of DTE Energy stock it owned. After making additional purchases over the past three months amounting to a total of $2,222,887, Capital Research Global Investors now possesses 17,821,764 shares of the utility provider’s stock in their investment portfolio. The value of the stock as of right now is $2,356,215,000. During the first three months of the year, there was a 6.6% increase in value associated with the holdings of DTE Energy that Vanguard Group Inc owned. Following the acquisition of an additional 1,420,586 shares during the most recent quarter, Vanguard Group Inc. now holds a total of 23,028,699 shares of the stock held by the utility provider. The value of these shares on the market as of right now is $3,044,624,000. During the year’s second quarter, Natixis’ holdings in DTE Energy increased by 1,312.9 percent thanks to the firm’s investment. After making an additional purchase of 1,154,632 shares during the most recent quarter, Natixis now owns 1,242,579 shares of the utility provider’s stock. Based on the stock’s current price in the market, Natixis’s holdings are currently valued at $156,675,000. The Neuberger Berman Group LLC increased the amount of DTE Energy stock owned by 447.7% over the first three months of 2018. The Neuberger Berman Group LLC increased its holdings in the stock of the utility provider during the most recent quarter by purchasing an additional 667,058 shares. This brought the total number of shares it owns to 816,065, with a value of $107,927,000. And finally, during the first three months of this year, Acadian Asset Management LLC made a 949.0% increase in its total DTE Energy shares. Following the acquisition of an additional 590,114 shares of the utilities provider’s stock over the preceding three months, Acadian Asset Management LLC now holds 652,296 shares of the company’s stock. According to the most recent information available on the market, the total value of the company’s stock holdings is $86,215,000. Currently, 73.8 percent of the company’s shares are owned by institutional investors.
Managing a wide variety of utility services is the responsibility of the DTE Energy Company. The electric division of the company serves approximately 2.3 million residential, commercial, and industrial customers in southeast Michigan. In addition to providing these customers with electricity, the company also generates, purchases, distributes and sells power to these customers. To generate electricity, it also makes use of the wind and a number of other renewable resources in addition to power plants that run on fossil fuels, nuclear fission, and hydroelectric pumped storage.
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