BMO Capital Keeps Their Hold Rating on DTE Energy (DTE)

Posted By: ndeeney

BMO Capital analyst James Thalacker maintained a Hold rating on DTE Energy (DTE – Research Report) yesterday and set a price target of $121.00. The company’s shares closed yesterday at $112.35.

Thalacker covers the Utilities sector, focusing on stocks such as Alliant Energy, CMS Energy, and DTE Energy. According to TipRanks, Thalacker has an average return of 4.2% and a 56.47% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DTE Energy with a $122.14 average price target, representing an 8.71% upside. In a report released on June 6, J.P. Morgan also maintained a Hold rating on the stock with a $120.00 price target.

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DTE market cap is currently $22.91B and has a P/E ratio of 19.71.

Based on the recent corporate insider activity of 46 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.

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.

Michigan-based DTE Energy Co. is a diversified energy company, which provides electricity and natural gas sales, distribution and storage services. It operates through the following divisions: Electric, Gas, Gas Storage and Pipelines, and Power and Industrial Projects.

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