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

DTE Energy (NYSE:DTE) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $115.50.

DTE has been the subject of several research reports. Guggenheim downgraded DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price target for the company. in a research note on Monday, January 22nd. Scotiabank dropped their target price on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. TheStreet upgraded shares of DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. Morgan Stanley lifted their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, Barclays increased their target price on shares of DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th.

DTE Energy Trading Up 0.8 %

DTE stock opened at $113.34 on Friday. DTE Energy has a one year low of $90.14 and a one year high of $116.73. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. The company has a fifty day moving average price of $109.74 and a two-hundred day moving average price of $106.98. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. Equities analysts anticipate that DTE Energy will post 6.69 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a dividend of $1.02 per share. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.60%. DTE Energy’s dividend payout ratio is currently 66.78%.

Insider Buying and Selling at DTE Energy

In other news, SVP Joann Chavez sold 6,070 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Robert A. Richard sold 4,800 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the sale, the chief operating officer now owns 26,118 shares in the company, valued at approximately $2,801,155.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joann Chavez sold 6,070 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at $1,819,869.73. The disclosure for this sale can be found here. Insiders have sold a total of 20,095 shares of company stock worth $2,168,183 over the last 90 days. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Simplicity Solutions LLC lifted its holdings in shares of DTE Energy by 14.1% during the third quarter. Simplicity Solutions LLC now owns 4,334 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 534 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $203,000. Xponance Inc. increased its stake in shares of DTE Energy by 3.7% in the third quarter. Xponance Inc. now owns 26,952 shares of the utilities provider’s stock valued at $2,676,000 after buying an additional 956 shares during the period. Raymond James & Associates raised its position in shares of DTE Energy by 7.7% during the third quarter. Raymond James & Associates now owns 196,617 shares of the utilities provider’s stock worth $19,520,000 after acquiring an additional 14,040 shares during the last quarter. Finally, Independent Advisor Alliance lifted its stake in shares of DTE Energy by 85.6% in the third quarter. Independent Advisor Alliance now owns 11,770 shares of the utilities provider’s stock worth $1,169,000 after acquiring an additional 5,428 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

About DTE Energy

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.