Analyst Rating Update on DTE Energy Company (DTE)

DTE Energy Company (NYSE:DTE) : 6 analysts are covering DTE Energy Company (NYSE:DTE) and their average rating on the stock is 2.33, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

DTE Energy Company (NYSE:DTE) : The highest level DTE Energy Company (NYSE:DTE) is projected to reach is $97 for the short term and the lowest estimate is at $90. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $93.5 and the possibility the share price can swing is $3.11.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains their rating on the shares of DTE Energy Company (NYSE:DTE). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $97 per share from $91 per share. The rating by the firm was issued on April 7, 2016.

DTE Energy Company (NYSE:DTE): stock turned positive on Tuesday. Though the stock opened at $96.49, the bulls momentum made the stock top out at $96.9 level for the day. The stock recorded a low of $95.41 and closed the trading day at $96.79, in the green by 0.31%. The total traded volume for the day was 1,277,754. The stock had closed at $96.49 in the previous days trading.

In an insider trading activity, Muschong Lisa A., officer (Corporate Secretary) of Dte Energy Co, unloaded 1,075 shares at an average price of $92.79 on June 3, 2016. The total amount of the transaction was worth $99,749, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

DTE Energy Company (DTE) is an energy company. The Companys other businesses are involved in natural gas pipelines, gathering and storage, power and industrial projects, and energy marketing and trading operations. Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. Its utility operations consist primarily of DTE Electric and DTE Gas. The Electric segment consists of DTE Electric, which is engaged in the generation, purchase, distribution and sale of electricity to approximately 2.1 million customers in southeastern Michigan. The Gas segment consists of DTE Gas, which is 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 gas storage and transportation capacity. Its Corporate and Other segment includes various holding company activities.

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