In a report released today, Neil Kalton from Wells Fargo maintained a Hold rating on DTE Energy (NYSE: DTE), with a price target of $120. The company’s shares opened today at $116.52, close to its 52-week high of $118.22.
According to TipRanks.com, Kalton is a 4-star analyst with an average return of 7.6% and a 70.0% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, NextEra Energy Inc, and Pattern Energy.
Currently, the analyst consensus on DTE Energy is a Moderate Buy with an average price target of $117, a 0.4% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $118 price target.
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Based on DTE Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.18 billion and net profit of $234 million. In comparison, last year the company earned revenue of $3.23 billion and had a net profit of $269 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Gerard Anderson, the Chairman & CEO of DTE sold 10,000 shares for a total of $1,101,800.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
DTE Energy Co. is a diversified energy company, which engages in the business of providing electricity and natural gas sales, distribution and storage services throughout Michigan through its subsidiaries. It operates through the following segments: Electric, Gas, Non-Utility Operations, and Corporate & Other.
