DTE Energy Co (NYSE:DTE) has been given an average rating of “Buy” by the fifteen analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $124.33.
DTE has been the topic of a number of recent research reports. KeyCorp lowered DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 21st. TheStreet upgraded DTE Energy from a “c+” rating to a “b-” rating in a research report on Tuesday, June 9th. Bank of America reduced their price target on DTE Energy from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Seaport Global Securities initiated coverage on DTE Energy in a research report on Wednesday, May 20th. They issued a “buy” rating and a $121.00 price target on the stock. Finally, Morgan Stanley raised their price target on DTE Energy from $122.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th.
In other DTE Energy news, SVP Joann Chavez sold 400 shares of DTE Energy stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $101.93, for a total transaction of $40,772.00. Following the transaction, the senior vice president now directly owns 5,300 shares in the company, valued at $540,229. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. AlphaCore Capital LLC acquired a new stake in shares of DTE Energy in the 1st quarter valued at about $26,000. Sowa Financial Group Inc. acquired a new stake in shares of DTE Energy in the 4th quarter valued at about $27,000. Watson Rebecca acquired a new stake in shares of DTE Energy in the 2nd quarter valued at about $32,000. Citizens Financial Group Inc RI raised its stake in shares of DTE Energy by 401.1% in the 1st quarter. Citizens Financial Group Inc RI now owns 436 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 349 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of DTE Energy by 852.4% in the 2nd quarter. Trust Co. of Vermont now owns 400 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.
Shares of DTE opened at $115.63 on Tuesday. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 3.06 and a beta of 0.59. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.71 and a current ratio of 0.83. The business’s fifty day moving average price is $108.59 and its two-hundred day moving average price is $111.00. DTE Energy has a 52 week low of $71.21 and a 52 week high of $135.67.
DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.22. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.90 billion. DTE Energy had a return on equity of 10.50% and a net margin of 10.13%. During the same period last year, the company earned $0.99 EPS. As a group, research analysts forecast that DTE Energy will post 6.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a dividend of $1.013 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $4.05 annualized dividend and a yield of 3.50%. DTE Energy’s dividend payout ratio is presently 64.29%.
About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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