Bank of America (Merrill Lynch) upgraded Dte Energy Company (NYSE:DTE) from Neutral to Buy in a report released today.
- Updated: November 26, 2016
Bank of America (Merrill Lynch) has upgraded Dte Energy Company (NYSE:DTE) from Neutral to Buy in a statement released on 11/22/2016.
On 2/11/2016, Barclays Capital released a statement on Dte Energy Company (NYSE:DTE) upped the target price from $89.00 to $91.00. At the time, this indicated a possible upside of 0.07%.
Just yesterday Dte Energy Company (NYSE:DTE) traded 1.48% higher at $93.84. Dte Energy Company’s 50-day moving average is $92.95 and its 200-day moving average is $94.05. The last closing price is down -0.02% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 434,756 shares of the stock were exchanged, down from an avg. volume of 1,270,600
Recent Performance Chart
Dte Energy Company has PE ratio of 20.69 with a one year low of $77.35 and a one year high of $100.45 and has a market capitalization of $0.
A total of 11 equity analysts have released a ratings update on DTE. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $91.45.
More About Dte Energy Company (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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