DTE Energy Co (DTE) Given Consensus Recommendation of "Hold" by Brokerages

Lester Mason
January 13, 2018

On Thursday, July 27 the stock rating was maintained by Jefferies with "Buy". The firm has "Equal Weight" rating by Barclays Capital given on Tuesday, February 7. Rodman & Renshaw initiated the stock with "Buy" rating in Monday, August 29 report. The rating was downgraded by Barclays Capital on Tuesday, November 8 to "Equal Weight". The company was upgraded on Wednesday, August 10 by Morgan Stanley. See Bristow Group Inc. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

In other DTE Energy Company news, VP Lisa A. Muschong sold 520 shares of the stock in a transaction on Thursday, December 8th. Franklin Resources Inc. now owns 1,878,509 shares of the utilities provider's stock worth $198,728,000 after acquiring an additional 8,450 shares in the last quarter. Currently, DTE Energy plans to invest $6.5 billion over the next 10 years for maintaining and upgrading the reliability of its electric utility systems. The stock decreased 0.26% or $0.27 during the last trading session, reaching $104.37. About 173,720 shares traded. DTE Energy Company (NYSE:DTE) has risen 19.61% since January 11, 2017 and is uptrending. It has outperformed by 2.91% the S&P500.

Investors sentiment increased to 1.33 in 2017 Q3. Its down 0.10, from 1.06 in 2017Q2. Of Toledo Na Oh holds 9,411 shares or 0.26% of its portfolio. 20 funds opened positions while 41 raised stakes. Sigma Planning holds 0.02% or 6,256 shares in its portfolio. Swiss National Bank owns 54,800 shares. Its down 14.64% from 7.95M shares previously. Charter Trust Com invested 0.04% in DTE Energy Company (NYSE:DTE). The Florida-based Raymond James & Associates has invested 0.01% in DTE Energy Company (NYSE:DTE). Advantus Mngmt Incorporated reported 0.08% stake. Massachusetts-based Boston Ltd Liability has invested 0.01% in DTE Energy Company (NYSE:DTE). (NYSE:BRS). California State Teachers Retirement holds 0% or 51,646 shares. Horizon Inv Ltd Llc reported 7,152 shares or 0.33% of all its holdings. Oregon Employees Retirement Fund holds 0.03% or 19,213 shares in its portfolio. (NYSE:BRS). First Bancorporation Of Omaha owns 0.08% invested in Bristow Group Inc. (NYSE:BRS) or 48,870 shares.

Bristow Group Inc. provides industrial aviation services to the offshore energy industry in Africa, the Americas, the Asia Pacific, and Europe Caspian. The Company's helicopters are used principally to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations. In the last quarter, insiders sold 25,520 shares of company stock valued at $2,410,294. Bristow Group Inc. (NYSE:BRS) has risen 0.93% since January 11, 2017 and is uptrending. It has underperformed by 21.91% the S&P500.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.10, from 1.06 in 2017Q2.

Several large investors have recently added to or reduced their stakes in DTE.

The most recent open market insider trade was Disposition (Non Open Market) of 420 shares on a day where the closing price was 0. In the past 3-month period alone, shares of DTE have appreciated -4.65 - or -4.25%. Bridgewater Assoc LP invested in 0.01% or 10,788 shares. Greenleaf Tru owns 34 shares. Following the transaction, the chairman now owns 83,000 shares of the company's stock, valued at $9,373,190. Principal Fincl Group, Iowa-based fund reported 351,910 shares. Sun Life Financial INC boosted its stake in shares of DTE Energy by 13,030.0% in the second quarter. Plante Moran Financial Advisors Llc who had been investing in Dte Energy Holding Co for a number of months, seems to be less bullish one the $18.64 billion market cap company. 8,210 were accumulated by City Hldg. Natl Pension Ser invested in 0.1% or 173,211 shares. 3,059 were accumulated by Columbia Asset Mgmt. Mason Street Advsrs Limited, a Wisconsin-based fund reported 24,902 shares. The stock of DTE Energy Company (NYSE:DTE) earned "Buy" rating by Guggenheim on Tuesday, January 2. Sanctuary Wealth Limited Co holds 0.05% or 600 shares in its portfolio.

Zacks Investment Research lowered shares of DTE Energy (NYSE:DTE) from a buy rating to a hold rating in a research report sent to investors on Friday, January 5th. Therefore 67% are positive.

Several equities research analysts have recently weighed in on the company. Finally, Barclays PLC boosted their target price on shares of DTE Energy Company from $101.00 to $106.00 and gave the stock an "overweight" rating in a research report on Friday, January 20th. (NYSEAMERICAN:REI) earned "Buy" rating by Wunderlich on Wednesday, November 11. The rating was initiated by Rosenblatt on Wednesday, August 19 with "Buy". Bank of America Corporation raised shares of DTE Energy Company from a "neutral" rating to a "buy" rating and set a $99.00 target price for the company in a research report on Tuesday, November 22nd. On Friday, April 28 the stock rating was maintained by Jefferies with "Buy". The company was maintained on Thursday, July 27 by Jefferies. Jefferies maintained the shares of DTE in report on Monday, October 16 with "Buy" rating. The company was downgraded on Monday, January 9 by UBS. They set an "underperform" rating and a $112.00 target price for the company. Finally, Parametric Portfolio Associates LLC raised its stake in shares of DTE Energy by 52.8% during the second quarter. It also upped Spdr Index Shs Fds Euro Stoxx (FEZ) stake by 1.94M shares and now owns 2.54M shares. Ishares Core S&P 500 (IVV) was raised too.

Since August 2, 2017, it had 0 buys, and 2 sales for $1.47 million activity. About 1.08 million shares traded or 220.06% up from the average.

DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, October 25th. Credit Suisse Group reduced their price target on shares of DTE Energy from $113.00 to $112.00 and set a neutral rating on the stock in a research report on Thursday, October 26th. NLSN's profit would be $267.12M giving it 12.08 P/E if the $0.75 EPS is correct. After $1.48 actual earnings per share reported by DTE Energy Company for the previous quarter, Wall Street now forecasts -18.24% negative EPS growth.

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