DTE Energy (NYSE:DTE) Receives $138.58 Average Price Target from Brokerages

DTE Energy (NYSE:DTE) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $138.58.

Several equities analysts recently weighed in on the stock. Morgan Stanley raised 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, March 20th. BMO Capital Markets lifted their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Guggenheim raised their price objective on DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. Finally, StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st.

Insider Buying and Selling

In other news, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the transaction, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the transaction, the chief accounting officer now directly owns 3,437 shares of the company’s stock, valued at approximately $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On DTE Energy

Hedge funds have recently made changes to their positions in the stock. Mattson Financial Services LLC bought a new position in DTE Energy in the 4th quarter worth about $38,000. Versant Capital Management Inc boosted its position in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares during the period. Bank of New Hampshire purchased a new position in DTE Energy during the first quarter valued at approximately $55,000. Robbins Farley bought a new stake in DTE Energy during the 4th quarter worth approximately $57,000. Finally, Kestra Investment Management LLC bought a new stake in DTE Energy during the 4th quarter worth approximately $57,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Trading Up 1.0 %

NYSE DTE opened at $133.33 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 52 week low of $107.88 and a 52 week high of $140.39. The business has a 50 day moving average price of $132.66 and a 200-day moving average price of $126.01. The company has a market cap of $27.67 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, equities analysts expect 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy’s dividend payout ratio is currently 64.40%.

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.