DTE Energy (NYSE:DTE) Price Target Raised to $147.00

DTE Energy (NYSE:DTE) had its target price hoisted by Guggenheim from $139.00 to $147.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the utilities provider’s stock.

A number of other analysts have also recently commented on the company. Scotiabank lifted their target price on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. BMO Capital Markets raised their target price on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays downgraded shares of DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $138.58.

DTE Energy Trading Up 0.2 %

NYSE:DTE opened at $137.18 on Friday. DTE Energy has a 1 year low of $103.06 and a 1 year high of $138.22. The stock has a market cap of $28.47 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The stock has a 50-day simple moving average of $127.38 and a 200-day simple moving average of $124.86.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.18%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio is presently 64.40%.

Insider Activity at DTE Energy

In other news, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares in the company, valued at $900,571.56. This represents a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at $446,535.04. This represents a 22.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 in the last ninety days. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On DTE Energy

A number of institutional investors and hedge funds have recently bought and sold shares of DTE. Empowered Funds LLC lifted its stake in DTE Energy by 9.3% during the third quarter. Empowered Funds LLC now owns 3,028 shares of the utilities provider’s stock valued at $389,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC increased its holdings in shares of DTE Energy by 21,380.0% in the third quarter. Quest Partners LLC now owns 1,074 shares of the utilities provider’s stock valued at $138,000 after buying an additional 1,069 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of DTE Energy by 2.8% during the 3rd quarter. Pathstone Holdings LLC now owns 20,173 shares of the utilities provider’s stock valued at $2,592,000 after acquiring an additional 549 shares during the last quarter. Caprock Group LLC lifted its position in shares of DTE Energy by 7.0% during the 3rd quarter. Caprock Group LLC now owns 2,397 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 157 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of DTE Energy during the 3rd quarter worth $1,257,000. 76.06% of the stock is owned by institutional investors and hedge funds.

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.