Brokerages Set DTE Energy Company (NYSE:DTE) Target Price at $140.93

DTE Energy Company (NYSE:DTE) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $140.93.

Several equities research analysts have recently weighed in on DTE shares. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research report on Monday, April 21st. Wall Street Zen lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Citigroup restated a “buy” rating and set a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Guggenheim upped their target price on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. Finally, Wells Fargo & Company lifted their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd.

DTE Energy Stock Down 0.1%

Shares of NYSE:DTE opened at $130.50 on Wednesday. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The firm’s 50 day moving average price is $134.60 and its 200 day moving average price is $130.14. The company has a quick ratio of 0.59, a current ratio of 0.87 and a debt-to-equity ratio of 1.82. The stock has a market cap of $27.08 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.44.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.12. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. During the same period last year, the business earned $1.67 EPS. As a group, equities research analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.34%. DTE Energy’s payout ratio is 58.92%.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in DTE Energy during the 1st quarter worth approximately $1,915,000. Jacobi Capital Management LLC raised its stake in shares of DTE Energy by 5.1% during the first quarter. Jacobi Capital Management LLC now owns 4,446 shares of the utilities provider’s stock worth $615,000 after purchasing an additional 216 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of DTE Energy by 6.5% during the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after purchasing an additional 773 shares during the period. Focus Partners Wealth lifted its holdings in shares of DTE Energy by 3.6% during the first quarter. Focus Partners Wealth now owns 181,905 shares of the utilities provider’s stock worth $25,152,000 after purchasing an additional 6,375 shares during the period. Finally, Integrity Alliance LLC. purchased a new position in DTE Energy in the 1st quarter valued at $406,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.