Breaking: KeyBanc Maintains $118 TP On DTE Energy (NYSE:DTE) Shares, Maintains Their Original “Overweight” Rating

July 27, 2018 - By Billy Entrekin

DTE Energy Company (NYSE:DTE) Logo

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.11, from 1 in 2017Q4. It dropped, as 46 investors sold DTE Energy Company shares while 171 reduced holdings. 57 funds opened positions while 136 raised stakes. 123.78 million shares or 3.21% more from 119.93 million shares in 2017Q4 were reported.

Jennison Ltd Com has invested 0.14% of its portfolio in DTE Energy Company (NYSE:DTE). Markston Ltd Company reported 160 shares. Voya Investment Mngmt Limited Co holds 0.03% of its portfolio in DTE Energy Company (NYSE:DTE) for 129,914 shares. 1.09 million were reported by Invesco Limited. Fulton Financial Bank Na holds 0.04% or 5,094 shares. Ecofin Limited invested in 1% or 44,854 shares. Numerixs Inv Techs Inc invested in 843 shares. Bbva Compass Bankshares has invested 0.06% in DTE Energy Company (NYSE:DTE). Legal And General Grp Inc Public Limited Co holds 0.13% or 1.60 million shares in its portfolio. Comml Bank Of America Corp De reported 447,138 shares. Citigroup owns 16,419 shares. Korea Invest Corp owns 106,346 shares. Bartlett Company Limited Liability Corp, Ohio-based fund reported 1,629 shares. Toronto Dominion Bancorp accumulated 96,698 shares. Great West Life Assurance Can reported 278,672 shares.

Since February 22, 2018, it had 0 insider buys, and 5 sales for $3.82 million activity. 1,341 shares were sold by Muschong Lisa A., worth $135,401. Shares for $772,147 were sold by Ruud David. Oleksiak Peter B had sold 1,000 shares worth $99,885 on Tuesday, June 5.

DTE Energy (NYSE:DTE) Rating Reaffirmed

Recently, In a note revealed to clients and investors on Friday morning, DTE Energy (NYSE:DTE) shares have had their “Overweight” Rating reconfirmed by research professionals at KeyBanc, who currently has a $118 price target on firm. This target by KeyBanc gives the possibile upside of 8.44 % from the close price.

DTE Energy Company (NYSE:DTE) Ratings Coverage

Among 7 analysts covering DTE Energy (NYSE:DTE), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. DTE Energy has $115 highest and $103 lowest target. $107.40’s average target is -1.30% below currents $108.82 stock price. DTE Energy had 8 analyst reports since February 2, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained DTE Energy Company (NYSE:DTE) on Wednesday, April 18 with “Overweight” rating. As per Tuesday, February 20, the company rating was maintained by Credit Suisse. KeyBanc Capital Markets maintained it with “Overweight” rating and $115 target in Wednesday, July 11 report. The firm earned “Market Perform” rating on Monday, June 11 by Wells Fargo. Bank of America maintained DTE Energy Company (NYSE:DTE) rating on Tuesday, February 20. Bank of America has “Underperform” rating and $104 target.

The stock increased 0.48% or $0.52 during the last trading session, reaching $108.82. About 1.24 million shares traded. DTE Energy Company (NYSE:DTE) has declined 6.24% since July 27, 2017 and is downtrending. It has underperformed by 18.81% the S&P500.

DTE Energy Company engages in the utility operations. The company has market cap of $19.78 billion. The companyÂ’s Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial clients in southeastern Michigan. It has a 17.86 P/E ratio. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

More news for DTE Energy Company (NYSE:DTE) were recently published by: Seekingalpha.com, which released: “DTE Energy Company (DTE) CEO Gerry Anderson on Q2 2018 Results – Earnings Call Transcript” on July 25, 2018. Crainsdetroit.com‘s article titled: “Nelson to join Kellogg Foundation as director of Michigan programs” and published on July 23, 2018 is yet another important article.

DTE Energy Company (NYSE:DTE) Institutional Positions Chart

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