J.P. Morgan Sticks to Their Hold Rating for DTE Energy (DTE)

In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Hold rating on DTE Energy (DTEResearch 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.

See the top stocks recommended by analysts >>

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.

Read More on DTE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More