Brokerages Set DTE Energy (NYSE:DTE) PT at $115.44

Shares of DTE Energy (NYSE:DTE) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $115.67.

Several brokerages have commented on DTE. JPMorgan Chase & Co. boosted their price target on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Scotiabank dropped their target price on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Morgan Stanley reduced their target price on shares of DTE Energy from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Monday. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Finally, BMO Capital Markets increased their price objective on DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th.

Insider Activity

In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of DTE Energy stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the transaction, the chief operating officer now owns 41,921 shares of the company’s stock, valued at approximately $4,862,836. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Mark W. Stiers sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total value of $1,160,000.00. Following the completion of the sale, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at $4,862,836. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the transaction, the insider now directly owns 59,475 shares in the company, valued at $6,843,788.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,698 shares of company stock worth $1,702,444. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds have recently modified their holdings of the stock. PBMares Wealth Management LLC boosted its position in DTE Energy by 4.5% during the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 100 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of DTE Energy by 2.2% during the 1st quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock worth $558,000 after purchasing an additional 105 shares in the last quarter. TIAA Trust National Association raised its stake in shares of DTE Energy by 2.9% during the 1st quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock worth $423,000 after purchasing an additional 106 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of DTE Energy by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock valued at $4,700,000 after buying an additional 107 shares during the last quarter. Finally, ASB Consultores LLC grew its stake in shares of DTE Energy by 5.6% in the 3rd quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock valued at $212,000 after buying an additional 114 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $112.80 on Friday. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.02 and a beta of 0.67. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54. DTE Energy has a 12 month low of $90.14 and a 12 month high of $117.44. The stock’s 50 day moving average price is $112.57 and its 200 day moving average price is $109.92.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. Equities research analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.62%. DTE Energy’s payout ratio is currently 66.78%.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.