Mizuho Raises DTE Energy (NYSE:DTE) Price Target to $133.00

DTE Energy (NYSE:DTE) had its target price lifted by Mizuho from $121.00 to $133.00 in a research note released on Tuesday, Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

DTE has been the subject of several other research reports. Scotiabank increased their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a sector outperform rating in a research report on Tuesday, August 20th. Barclays lifted their price target on shares of DTE Energy from $123.00 to $128.00 and gave the stock an overweight rating in a research note on Tuesday, July 30th. StockNews.com raised shares of DTE Energy from a sell rating to a hold rating in a research report on Sunday, August 11th. KeyCorp lifted their target price on DTE Energy from $117.00 to $125.00 and gave the stock an overweight rating in a research report on Monday, May 20th. Finally, Morgan Stanley increased their price target on DTE Energy from $114.00 to $121.00 and gave the company an overweight rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of Moderate Buy and an average target price of $127.17.

DTE Energy Stock Performance

Shares of DTE stock opened at $125.58 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company has a market cap of $25.99 billion, a PE ratio of 20.55, a P/E/G ratio of 2.26 and a beta of 0.67. The company’s fifty day simple moving average is $119.47 and its 200-day simple moving average is $114.12. DTE Energy has a 52 week low of $90.14 and a 52 week high of $127.59.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted $0.99 earnings per share. As a group, equities research analysts anticipate that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.25%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.78%.

Institutional Trading of DTE Energy

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of DTE Energy in the 2nd quarter valued at about $2,736,000. EP Wealth Advisors LLC acquired a new position in DTE Energy in the second quarter valued at approximately $201,000. NewEdge Advisors LLC boosted its stake in DTE Energy by 15.2% in the second quarter. NewEdge Advisors LLC now owns 293,962 shares of the utilities provider’s stock valued at $32,632,000 after acquiring an additional 38,849 shares during the period. Creative Planning grew its holdings in shares of DTE Energy by 1.8% during the second quarter. Creative Planning now owns 63,014 shares of the utilities provider’s stock valued at $6,995,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Copperwynd Financial LLC raised its position in shares of DTE Energy by 13.6% during the 2nd quarter. Copperwynd Financial LLC now owns 5,907 shares of the utilities provider’s stock worth $712,000 after purchasing an additional 708 shares during the period. Institutional investors own 76.06% of the company’s stock.

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.