DTE Energy (NYSE:DTE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of DTE Energy (NYSE:DTE) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $140.31.

DTE has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on DTE Energy from $135.00 to $142.00 and gave the company a “market perform” rating in a report on Monday, April 21st. Guggenheim boosted their price target on DTE Energy from $139.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Evercore ISI increased their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. StockNews.com lowered DTE Energy from a “hold” rating to a “sell” rating in a report on Friday. Finally, Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th.

DTE Energy Stock Up 1.4%

DTE Energy stock opened at $138.19 on Tuesday. The stock has a market cap of $28.68 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. 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 firm’s 50-day simple moving average is $134.53 and its 200 day simple moving average is $127.28. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the business posted $1.67 earnings per share. Research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business 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 dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.16%. DTE Energy’s dividend payout ratio (DPR) is presently 58.92%.

Insider Activity

In related news, CAO Tracy J. Myrick sold 1,014 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares in the company, valued at approximately $446,535.04. This trade represents a 22.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This trade represents a 35.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.33% of the company’s stock.

Institutional Trading of DTE Energy

A number of hedge funds and other institutional investors have recently modified their holdings of DTE. Cloud Capital Management LLC acquired a new stake in DTE Energy in the first quarter valued at $25,000. Olde Wealth Management LLC acquired a new stake in shares of DTE Energy in the 1st quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DTE Energy in the 1st quarter valued at about $28,000. SouthState Corp bought a new position in shares of DTE Energy during the first quarter worth about $29,000. Finally, N.E.W. Advisory Services LLC acquired a new position in DTE Energy in the first quarter worth about $31,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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.