In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Hold rating on DTE Energy (DTE – Research Report), with a price target of $123.00. The company’s shares closed yesterday at $109.89.
According to TipRanks, Tonet is a 4-star analyst with an average return of 4.3% and a 50.14% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Cheniere Energy, Enterprise Products Partners, and Magellan Midstream.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for DTE Energy with a $129.25 average price target.
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The company has a one-year high of $138.25 and a one-year low of $100.64. Currently, DTE Energy has an average volume of 1.29M.
Based on the recent corporate insider activity of 56 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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