DTE Energy Co (NYSE:DTE) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Having a price of $95.11, DTE Energy Co (NYSE:DTE) traded -0.75% lower on the day. With the last close up 3.27% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. DTE Energy Co has recorded a 50-day average of $94.28 and a two hundred day average of $92.88. Volume of trade was down over the average, with 803,557 shares of DTE changing hands under the typical 1,020,090
Zacks Investment Research has downgraded DTE Energy Co (NYSE:DTE) to Hold in a statement released on Tuesday September 27, 2016.
On 4/07/2016, Barclays Capital released a statement on DTE Energy Co (NYSE:DTE) upped the target price from $91.00 to $97.00 that suggested an upside of 0.09%.
With a total market value of $0, DTE Energy Co has price-earnings ratio of 23.16 with a one year low of $77.35 and a one year high of $100.45 .
A total of 11 analysts have released a report on DTE Energy Co. Two analysts rating the company a strong buy, four analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $91.45.
More About DTE Energy Co (NYSE:DTE)
DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy's utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company's segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. The Company's Electric segment consists of DTE Electric, which is engaged in the generation, purchase, distribution and sale of electricity to approximately 2.2 million residential, commercial and industrial customers in southeastern Michigan. DTE Energy's Gas segment consists principally of DTE Gas, a natural gas utility engaged in the purchase, storage, transportation, distribution and sale of natural gas to approximately 1.2 million residential, commercial and industrial customers throughout Michigan, and the sale of storage and transportation capacity. DTE Electric owns and operates approximately 680 distribution substations.
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