DTE Energy (NYSE:DTE) Price Target Lowered to $111.00 at BMO Capital Markets

DTE Energy (NYSE:DTEFree Report) had its price target lowered by BMO Capital Markets from $113.00 to $111.00 in a report released on Monday, Benzinga reports. The brokerage currently has a market perform rating on the utilities provider’s stock.

Several other research analysts also recently commented on DTE. KeyCorp raised their price target on shares of DTE Energy from $106.00 to $117.00 and gave the stock an overweight rating in a research note on Thursday, January 4th. Guggenheim lowered DTE Energy from a buy rating to a neutral rating and set a $111.00 price target for the company. in a report on Monday, January 22nd. Wolfe Research downgraded DTE Energy from an outperform rating to a peer perform rating in a report on Tuesday, January 16th. Evercore ISI lifted their target price on DTE Energy from $108.00 to $116.00 and gave the company an outperform rating in a research report on Monday, December 4th. Finally, TheStreet downgraded DTE Energy from a b- rating to a c+ rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $83.22.

Read Our Latest Stock Analysis on DTE

DTE Energy Stock Up 1.9 %

Shares of NYSE:DTE opened at $106.38 on Monday. The firm has a market capitalization of $21.96 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 2.60 and a beta of 0.64. The business has a 50 day simple moving average of $107.87 and a two-hundred day simple moving average of $104.46. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.60 and a quick ratio of 0.42.

DTE Energy (NYSE:DTEGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.01. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the business earned $1.31 EPS. On average, equities analysts predict that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 18th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Friday, March 15th. DTE Energy’s payout ratio is currently 60.36%.

Institutional Investors Weigh In On DTE Energy

Several institutional investors have recently bought and sold shares of the company. PBMares Wealth Management LLC lifted its holdings in shares of DTE Energy by 4.5% during the 4th quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 100 shares during the last quarter. Acorn Wealth Advisors LLC raised its stake in DTE Energy by 1.9% in the second quarter. Acorn Wealth Advisors LLC now owns 5,332 shares of the utilities provider’s stock valued at $587,000 after buying an additional 101 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in DTE Energy by 17.0% in the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 102 shares in the last quarter. Brinker Capital Investments LLC grew its stake in shares of DTE Energy by 4.6% during the first quarter. Brinker Capital Investments LLC now owns 2,392 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 106 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC increased its holdings in shares of DTE Energy by 0.9% during the second quarter. Azimuth Capital Investment Management LLC now owns 11,908 shares of the utilities provider’s stock valued at $1,310,000 after acquiring an additional 108 shares in the last quarter. 74.72% of the stock is currently owned by institutional investors and hedge funds.

About DTE Energy

(Get Free Report)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 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 solar assets.

Further Reading

Analyst Recommendations for DTE Energy (NYSE:DTE)

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