Analyst Rating Update on This Canadian Energy Stock

In a report released today, Michael Weinstein W. from Credit Suisse maintained a Hold rating on DTE Energy (DTE), with a price target of $120.00. The company’s shares closed last Wednesday at $109.27.

According to, W. is a 4-star analyst with an average return of 4.7% and a 53.2% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Centerpoint Energy.

DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $123.78, representing a 14.2% upside. In a report issued on April 20, Evercore ISI also downgraded the stock to Hold with a $120.00 price target.

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The company has a one-year high of $135.67 and a one-year low of $71.21. Currently, DTE Energy has an average volume of 1.78M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DTE in relation to earlier this year.

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DTE Energy Co. operates as a diversified energy company, which engages in the provision of electricity and natural gas sales, distribution and storage services. It operates through the following segments: Electric, Gas, Non-Utility Operations, and Corporate & Other. The Electric segment engages in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in south-eastern Michigan. The Gas segment engages in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan and the sale of storage and transportation capacity. The Non-Utility Operations segment engages in gas storage and pipelines, power and industrial projects, and energy trading. The Corporate & Other includes various holding company activities, holds certain non-utility debt, and holds energy-related investments. The company was founded in January 1995 and is headquartered in Detroit, MI.

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