DTE Energy (NYSE:DTE) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research note released on Thursday.

DTE has been the topic of several other reports. Jefferies Financial Group began coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. BMO Capital Markets upped their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley decreased their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Trading Up 1.1 %

Shares of NYSE:DTE opened at $129.21 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66. The stock has a market cap of $26.76 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68. The business has a 50-day moving average price of $121.24 and a 200-day moving average price of $123.04.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. Equities analysts predict that DTE Energy will post 6.77 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.37%. DTE Energy’s dividend payout ratio is currently 59.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in shares of DTE Energy during the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy during the third quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc lifted its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares in the last quarter. Finally, Coastline Trust Co acquired a new stake in DTE Energy during the 3rd quarter worth $39,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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.