DTE Energy (NYSE:DTE) Receives $129.67 Average Price Target from Brokerages

Shares of DTE Energy (NYSE:DTE – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $70.94.

A number of analysts recently issued reports on the company. UBS Group set a €26.00 ($28.26) price objective on DTE Energy in a research report on Friday, February 24th. Berenberg Bank set a €28.00 ($30.43) price objective on DTE Energy in a research report on Tuesday, February 14th. Mizuho reduced their price target on DTE Energy from $130.00 to $124.00 in a research report on Friday, May 19th. BMO Capital Markets boosted their price target on DTE Energy from $123.00 to $124.00 and gave the stock a “market perform” rating in a research report on Monday, April 10th. Finally, Guggenheim reduced their price target on DTE Energy from $131.00 to $127.00 in a research report on Monday, April 24th.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $106.99 on Friday. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.94 and a beta of 0.59. The stock’s fifty day simple moving average is $68.60 and its 200 day simple moving average is $66.82. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 1.66. DTE Energy has a 52-week low of $100.64 and a 52-week high of $136.77.

DTE Energy (NYSE:DTE – Get Rating) last issued its earnings results on Thursday, April 27th. The utilities provider reported $1.33 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.05). The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $4.79 billion. DTE Energy had a return on equity of 10.59% and a net margin of 6.15%. During the same period last year, the business earned $2.31 EPS. As a group, sell-side analysts forecast that DTE Energy will post 6.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Monday, June 19th will be paid a $0.9525 dividend. The ex-dividend date is Thursday, June 15th. This represents a $3.81 annualized dividend and a dividend yield of 3.56%. DTE Energy’s dividend payout ratio is currently 67.43%.

Insider Activity

In other news, SVP Joann Chavez sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $113.09, for a total value of $452,360.00. Following the sale, the senior vice president now directly owns 14,607 shares in the company, valued at approximately $1,651,905.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DTE. Ameritas Advisory Services LLC bought a new stake in shares of DTE Energy during the 1st quarter valued at $26,000. CI Investments Inc. increased its holdings in DTE Energy by 966.7% during the 3rd quarter. CI Investments Inc. now owns 256 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 232 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in DTE Energy during the 4th quarter worth about $29,000. BerganKDV Wealth Management LLC increased its holdings in DTE Energy by 462.0% during the 1st quarter. BerganKDV Wealth Management LLC now owns 281 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Finally, OLD Second National Bank of Aurora bought a new position in DTE Energy during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 74.55% of the company’s stock.

DTE Energy Company Profile

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DTE Energy Co operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. It operates through the following segments: Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment consists of generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan.