DTE Energy (NYSE:DTE) Price Target Raised to $135.00 at BMO Capital Markets

DTE Energy (NYSE:DTE) had its target price raised by BMO Capital Markets from $125.00 to $135.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a market perform rating on the utilities provider’s stock.

A number of other equities research analysts have also recently issued reports on DTE. Wells Fargo & Company increased their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Morgan Stanley lowered their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group assumed coverage on shares of DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. Finally, Scotiabank raised their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.83.

DTE Energy Trading Up 0.3 %

Shares of DTE Energy stock opened at $129.48 on Tuesday. The firm has a market capitalization of $26.82 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. 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 company’s fifty day moving average price is $121.39 and its two-hundred day moving average price is $123.12. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.66.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. On average, analysts expect that DTE Energy will post 6.77 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s payout ratio is 64.40%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the last quarter. State Street Corp boosted its stake in DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after acquiring an additional 662,569 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after acquiring an additional 7,023,042 shares during the last quarter. Capital World Investors boosted its stake in DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after acquiring an additional 3,766,221 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in DTE Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider’s stock worth $592,642,000 after acquiring an additional 115,270 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

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.