Analysts Set DTE Energy (NYSE:DTE) Target Price at $134.31

DTE Energy (NYSE:DTE) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $134.31.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Morgan Stanley reduced their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Scotiabank increased their target price on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, KeyCorp downgraded shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th.

DTE Energy Stock Performance

DTE opened at $119.05 on Wednesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.23 and a beta of 0.68. The company has a fifty day moving average of $121.36 and a 200 day moving average of $121.52. DTE Energy has a fifty-two week low of $102.17 and a fifty-two week high of $131.66.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a dividend of $1.09 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Hedge Funds Weigh In On DTE Energy

Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in shares of DTE Energy by 2.3% during the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 81 shares during the period. Signaturefd LLC lifted its holdings in DTE Energy by 3.1% during the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after buying an additional 86 shares in the last quarter. Tidal Investments LLC lifted its holdings in DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after buying an additional 96 shares in the last quarter. ASB Consultores LLC boosted its position in DTE Energy by 4.9% in the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock valued at $242,000 after buying an additional 101 shares during the period. Finally, Centennial Wealth Advisory LLC grew its stake in DTE Energy by 2.1% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock worth $685,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

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.