Morgan Stanley Remains a Hold on DTE Energy (DTE)

Morgan Stanley analyst Stephen Byrd maintained a Hold rating on DTE Energy (DTE) today and set a price target of $94.00. The company’s shares closed last Thursday at $89.38.

According to, Byrd is a 1-star analyst with an average return of -1.5% and a 55.1% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on DTE Energy is a Moderate Buy with an average price target of $131.80, implying a 51.4% upside from current levels. In a report issued on March 26, J.P. Morgan also maintained a Hold rating on the stock with a $115.00 price target.

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Based on DTE Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.15 billion and net profit of $267 million. In comparison, last year the company earned revenue of $3.75 billion and had a net profit of $191 million.

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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