Jefferies Believes DTE Energy (NYSE: DTE) Won’t Stop Here

By Jason Carr

In a report released yesterday, Anthony Crowdell from Jefferies reiterated a Buy rating on DTE Energy (NYSE: DTE), with a price target of $121. The company’s shares opened today at $112.29, close to its 52-week high of $112.38.

According to, Crowdell is a 4-star analyst with an average return of 7.8% and a 77.9% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.

Currently, the analyst consensus on DTE Energy is Moderate Buy and the average price target is $115, representing a 2.4% upside.

In a report issued on August 27, KeyBanc also reiterated a Buy rating on the stock with a $113 price target.

DTE Energy’s market cap is currently $20.12B and has a P/E ratio of 19.23. The company has a book value ratio of 2.2136.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. Last month, Gerard Anderson, the Chairman & CEO of DTE sold 12,000 shares for a total of $1,281,960.

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DTE Energy Co. is a diversified energy company, which is primarily engaged in the business of providing electricity and natural gas sales, distribution and storage services throughout Michigan through its subsidiaries. It operates through the following segments: DTE Electric, DTE Gas and Other.