DTE Energy (NYSE:DTE) Price Target Raised to $145.00 at Evercore ISI

DTE Energy (NYSE:DTE) had its price objective increased by Evercore ISI from $136.00 to $145.00 in a research note published on Friday,Benzinga reports. Evercore ISI currently has an outperform rating on the utilities provider’s stock.

Other equities analysts have also recently issued reports about the stock. Barclays cut 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. BMO Capital Markets increased their price target on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a research note on Monday, April 21st. Morgan Stanley raised their price objective on DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Guggenheim upped their target price on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Finally, StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.31.

DTE Energy Trading Up 0.4 %

Shares of DTE stock opened at $136.35 on Friday. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The stock’s fifty day moving average price is $133.83 and its two-hundred day moving average price is $126.71. 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 company has a market cap of $28.29 billion, a PE ratio of 20.14, a P/E/G ratio of 2.41 and a beta of 0.49.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.42% and a net margin of 11.27%. During the same period last year, the firm posted $1.67 earnings per share. Equities analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were given a $1.09 dividend. The ex-dividend date was Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Insider Activity

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $900,571.56. This represents a 35.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the sale, the senior vice president now owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This represents a 33.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DTE Energy

A number of large investors have recently bought and sold shares of DTE. Barclays PLC grew its stake in shares of DTE Energy by 11.9% in the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider’s stock valued at $96,961,000 after buying an additional 80,543 shares during the period. World Investment Advisors LLC bought a new stake in shares of DTE Energy during the third quarter valued at approximately $269,000. Wilmington Savings Fund Society FSB acquired a new position in shares of DTE Energy during the third quarter worth approximately $155,000. Tidal Investments LLC lifted its holdings in shares of DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 96 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in DTE Energy by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 261,357 shares of the utilities provider’s stock valued at $33,561,000 after purchasing an additional 13,953 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.