DTE Energy (DTE) Receives a Hold from Barclays

In a report issued on June 18, Eric Beaumont from Barclays maintained a Hold rating on DTE Energy (DTE), with a price target of $131. The company’s shares closed yesterday at $130.47, close to its 52-week high of $131.24.

According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.

The word on The Street in general, suggests a Hold analyst consensus rating for DTE Energy with a $127 average price target.

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The company has a one-year high of $131.24 and a one-year low of $99.08. Currently, DTE Energy has an average volume of 839K.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Last month, Gerard Anderson, the Chairman & CEO of DTE sold 10,000 shares for a total of $1,247,900.

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 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.

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