Shares of DTE Energy (NYSE:DTE – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $134.31.
DTE has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays raised their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Finally, Bank of America raised their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.
Check Out Our Latest Report on DTE Energy
Hedge Funds Weigh In On DTE Energy
DTE Energy Stock Up 0.4 %
Shares of NYSE DTE opened at $121.27 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The company has a market cap of $25.12 billion, a P/E ratio of 16.43, a PEG ratio of 2.23 and a beta of 0.68. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The firm has a 50-day simple moving average of $123.83 and a two-hundred day simple moving average of $120.41.
DTE Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $1.09 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy’s payout ratio is currently 55.28%.
About DTE Energy
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.
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