Macquarie Maintains DTE Energy Co to Outperform with Price Target $107.00

Brokerage firm Macquarie Maintains its rating on DTE Energy Co(NYSE:DTE). In a research note issued to the investors, the brokerage major Raises the price-target to $107.00 per share. The shares have been rated Outperform. The rating by Macquarie was issued on Sep 27, 2016.

DTE Energy Co (DTE) made into the market gainers list on Fridays trading session with the shares advancing 0.67% or 0.62 points. Due to strong positive momentum, the stock ended at $93.67, which is also near the day’s high of $94.85. The stock began the session at $93.44 and the volume stood at 32,05,672 shares. The 52-week high of the shares is $100.45 and the 52 week low is $77.35. The company has a current market capitalization of $16,808 M and it has 17,94,35,000 shares in outstanding.

DTE Energy Co(DTE) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.26B. Analysts had an estimated revenue of $2.36B. Earnings per share were $0.98. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Gerard M Anderson (Chairman and CEO) sold 17,500 shares at $97.96 per share price.Also, On Jun 6, 2016, Lisa A. Muschong (Corporate Secretary) sold 1,075 shares at $92.79 per share price.On May 13, 2016, David E Meador (Vice Chairman and CAO) sold 6,700 shares at $90.14 per share price, according to the Form-4 filing with the securities and exchange commission.

DTE Energy Company (DTE) is an energy company. The Company’s 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *