Wells Fargo Sticks to Their Buy Rating for DTE Energy (DTE)
Wells Fargo analyst Shahriar Pourreza reiterated a Buy rating on DTE Energy on June 12 and set a price target of $165.00. The company’s shares closed last Friday at $147.42.
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According to TipRanks, Pourreza is a 5-star analyst with an average return of 7.8% and a 66.05% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and NRG Energy.
DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $158.27.
Based on DTE Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.14 billion and a net profit of $247 million. In comparison, last year the company earned a revenue of $4.44 billion and had a net profit of $444 million
Based on the recent corporate insider activity of 41 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. Last month, Lisa Muschong, the VP, Corp Sec & Chief of Staff of DTE sold 1,000.00 shares for a total of $143,720.00.
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