Analysts Set DTE Energy Co (NYSE:DTE) PT at $123.31

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Shares of DTE Energy Co (NYSE:DTE) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $123.31.

A number of brokerages recently issued reports on DTE. Zacks Investment Research downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. KeyCorp began coverage on shares of DTE Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $136.00 price target on the stock. Barclays reissued a “hold” rating and set a $131.00 price target on shares of DTE Energy in a report on Thursday, June 20th. ValuEngine raised shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Finally, Credit Suisse Group set a $117.00 price objective on shares of DTE Energy and gave the company a “sell” rating in a report on Monday, April 22nd.

In related news, VP Lisa A. Muschong sold 237 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $128.86, for a total transaction of $30,539.82. Following the completion of the sale, the vice president now directly owns 2,100 shares in the company, valued at $270,606. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Peter B. Oleksiak sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $125.25, for a total transaction of $187,875.00. Following the sale, the chief financial officer now owns 40,208 shares of the company’s stock, valued at $5,036,052. The disclosure for this sale can be found here. Insiders sold 21,737 shares of company stock valued at $2,744,715 over the last quarter. Company insiders own 0.55% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems boosted its stake in shares of DTE Energy by 0.3% in the fourth quarter. Utah Retirement Systems now owns 33,780 shares of the utilities provider’s stock valued at $3,726,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of DTE Energy by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the utilities provider’s stock valued at $1,198,000 after purchasing an additional 100 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of DTE Energy by 6.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,742 shares of the utilities provider’s stock valued at $192,000 after purchasing an additional 103 shares during the period. Private Capital Group LLC boosted its stake in shares of DTE Energy by 17.0% in the first quarter. Private Capital Group LLC now owns 735 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 107 shares during the period. Finally, Kaizen Advisory LLC boosted its stake in shares of DTE Energy by 29.0% in the fourth quarter. Kaizen Advisory LLC now owns 481 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 70.49% of the company’s stock.

DTE stock opened at $127.47 on Monday. The company has a fifty day simple moving average of $127.87. The stock has a market cap of $23.86 billion, a P/E ratio of 20.23, a P/E/G ratio of 3.49 and a beta of 0.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.61. DTE Energy has a 12 month low of $101.88 and a 12 month high of $131.87.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.95 by $0.10. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.77 billion. DTE Energy had a net margin of 8.30% and a return on equity of 10.99%. During the same period in the prior year, the firm earned $1.91 EPS. As a group, equities analysts forecast that DTE Energy will post 6.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, September 13th. DTE Energy’s dividend payout ratio (DPR) is 60.00%.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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