DTE Energy (NYSE:DTE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of DTE Energy (NYSE:DTE) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $140.31.

DTE has been the subject of several research reports. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a report on Monday, April 21st. Guggenheim lifted their price target on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Finally, Wells Fargo & Company lifted their price target on DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd.

Insider Activity

In related news, SVP Joann Chavez sold 7,062 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the sale, the senior vice president now owns 14,067 shares in the company, valued at $1,862,470.80. The trade was a 33.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the business’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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,877 shares of company stock worth $1,559,205. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the last quarter. Capital World Investors grew its position in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock valued at $823,905,000 after buying an additional 3,766,221 shares during the last quarter. Geode Capital Management LLC grew its position in shares of DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider’s stock valued at $592,642,000 after buying an additional 115,270 shares during the last quarter. Boston Partners grew its position in shares of DTE Energy by 25.1% in the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider’s stock valued at $350,150,000 after buying an additional 582,643 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of DTE Energy by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider’s stock valued at $329,988,000 after buying an additional 12,554 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE opened at $133.11 on Tuesday. DTE Energy has a 12-month low of $108.40 and a 12-month high of $140.39. The stock has a market cap of $27.62 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.41 and a beta of 0.47. The business has a 50 day moving average of $134.24 and a 200-day moving average of $127.02. 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 (NYSE:DTE) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the firm posted $1.67 earnings per share. On average, equities research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a $1.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.28%. DTE Energy’s payout ratio is 58.92%.

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.