Morgan Stanley Reaffirms Their Buy Rating on DTE Energy (DTE)

In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on DTE Energy (DTEResearch Report), with a price target of $115.00. The company’s shares opened today at $106.24.

Byrd covers the Utilities sector, focusing on stocks such as Spire, Pinnacle West Capital, and American Electric Power. According to TipRanks, Byrd has an average return of 8.1% and a 53.24% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DTE Energy with a $123.33 average price target, a 16.09% upside from current levels. In a report released on October 19, Wells Fargo also maintained a Buy rating on the stock with a $128.00 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 1.31M.

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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