DTE Energy Co (NYSE: DTE) shares are trading higher on Monday.
Morgan Stanley maintained its Equal-Weight rating on the stock and raised its price target from $105 to $109 per share.
DTE Energy owns two regulated utilities in Michigan. DTE Gas serves 1.3 million customers throughout the state. DTE Electric serves around 2.2 million customers in southeastern Michigan including Detroit.
DTE Energy shares were trading up 5.74% at $102.96 at time of publication on Monday. The stock has a 52-week high of $135.67 and a 52-week low of $71.21.