Bank of America Corp. upgraded DTE Energy Co (NYSE:DTE) to Buy in a report released today.
- Updated: November 27, 2016
Bank of America Corp. has upgraded DTE Energy Co (NYSE:DTE) to Buy in a statement released on 11/22/2016.
On 2/11/2016, Barclays Capital released a statement for DTE Energy Co (NYSE:DTE) bumped up the target price from $89.00 to $91.00 that suggested an upside of 0.07%.
Boasting a price of $92.28, DTE Energy Co (NYSE:DTE) traded 1.48% higher on the day. With the last close down -0.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. DTE has recorded a 50-day moving average of $92.95 and a 200-day moving average of $94.05. 434,756 shares of the stock were exchanged, down from an average trading volume of 1,270,600
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DTE Energy Co has a 52 week low of $77.35 and a 52 week high of $100.45 with a P/E ratio of 20.69 The company’s market cap is currently $0.
Also covering DTE Energy Co's price target, a total of 11 brokerages have issued a ratings update on the company. The average stock price target is $91.45 with two analysts rating the company a strong buy, four analysts rating the company a buy, 7 firms rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About DTE Energy Co (NYSE:DTE)
DTE Energy Company (DTE Energy) is a diversified energy company. The Company's utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. Its Electric segment consists of DTE Electric, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan. Its Gas segment consists principally of DTE Gas, a natural gas utility engaged in the purchase, storage, transportation, distribution and sale of natural gas in Michigan, and the sale of storage and transportation capacity. It has midstream natural gas assets in Pennsylvania and West Virginia. It holds interests in Appalachia Gathering System (AGS) and Stonewall Gas Gathering (SGG) assets. It owns and operates approximately 680 distribution substations.
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