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

Shares of DTE Energy (NYSE:DTE) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $134.31.

DTE has been the subject of several analyst reports. BMO Capital Markets upped their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Mizuho increased their price target on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Bank of America increased their price target on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company increased their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its holdings in shares of DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after acquiring an additional 96 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of DTE Energy in the 3rd quarter valued at about $155,000. Arvest Bank Trust Division bought a new position in shares of DTE Energy in the 3rd quarter valued at about $10,338,000. World Investment Advisors LLC bought a new position in shares of DTE Energy in the 3rd quarter valued at about $269,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of DTE Energy by 21.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,220 shares of the utilities provider’s stock valued at $3,765,000 after acquiring an additional 5,243 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Trading Up 0.4 %

NYSE:DTE opened at $121.27 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The business has a fifty day moving average price of $123.83 and a 200-day moving average price of $120.41.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a $1.09 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.60%. DTE Energy’s dividend payout ratio (DPR) is presently 55.28%.

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.