BofA Merrill upgraded DTE Energy (NYSE:DTE) from Neutral to Buy in a report released today.
- Updated: November 27, 2016
Yesterday DTE Energy (NYSE:DTE) traded 1.48% higher at $92.28. The company’s 50-day moving average is $92.95 and its 200-day moving average is $94.05. The last stock close price is down -0.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 434,756 shares of the stock were exchanged, down from an average trading volume of 1,270,600
BofA Merrill has upgraded DTE Energy (NYSE:DTE) from Neutral to Buy in a report released on 11/22/2016.
Previously on 2/11/2016, Barclays Capital reported about DTE Energy (NYSE:DTE) raised the target price from $89.00 to $91.00. At the time, this indicated a possible upside of 0.07%.
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DTE Energy 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.
In addition to BofA Merrill reporting its target price, a total of 11 firms have issued a report on the stock. The consensus target price is $91.45 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About DTE Energy (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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