DTE Energy (NYSE:DTE) Given New $153.00 Price Target at Jefferies Financial Group

DTE Energy (NYSE:DTE) had its price objective raised by Jefferies Financial Group from $150.00 to $153.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the utilities provider’s stock.

DTE has been the topic of several other research reports. UBS Group decreased their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. BMO Capital Markets decreased their target price on shares of DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 24th. Barclays lowered their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Mizuho increased their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, January 21st. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $147.62.

DTE Energy Trading Down 0.1%

Shares of DTE Energy stock opened at $136.56 on Wednesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.15 and a quick ratio of 0.68. The stock has a market capitalization of $28.36 billion, a PE ratio of 20.50, a P/E/G ratio of 2.51 and a beta of 0.49. DTE Energy has a 1-year low of $117.56 and a 1-year high of $143.79. The company’s fifty day simple moving average is $132.04 and its 200-day simple moving average is $136.13.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, October 30th. The utilities provider reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the firm earned $2.22 EPS. As a group, equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a dividend of $1.165 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, December 15th. DTE Energy’s dividend payout ratio (DPR) is currently 69.97%.

Institutional Trading of DTE Energy

Several hedge funds have recently bought and sold shares of DTE. Vanguard Group Inc. grew its position in shares of DTE Energy by 4.2% during the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after purchasing an additional 1,042,589 shares in the last quarter. State Street Corp boosted its stake in DTE Energy by 2.3% during the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock valued at $1,540,000,000 after buying an additional 247,747 shares during the last quarter. Capital World Investors grew its holdings in DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after buying an additional 552,346 shares in the last quarter. Ameriprise Financial Inc. increased its stake in DTE Energy by 12.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after acquiring an additional 602,602 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of DTE Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,250,341 shares of the utilities provider’s stock worth $692,535,000 after acquiring an additional 154,594 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.