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

DTE Energy (NYSE:DTE) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $135.67.

Several equities analysts have recently issued reports on the company. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank raised their price target 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. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Morgan Stanley reduced their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th.

DTE Energy Price Performance

Shares of DTE opened at $132.63 on Thursday. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $133.49. The firm’s 50-day simple moving average is $122.92 and its two-hundred day simple moving average is $123.65. The stock has a market cap of $27.49 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business 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. The ex-dividend date is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.29%. DTE Energy’s dividend payout ratio (DPR) is presently 64.40%.

Insiders Place Their Bets

In related news, SVP Joann Chavez sold 7,062 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares in the company, valued at approximately $446,535.04. The trade was a 22.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,877 shares of company stock worth $1,559,205. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in DTE Energy in the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy in the third quarter worth $35,000. Prospera Private Wealth LLC bought a new position in DTE Energy during the third quarter valued at $35,000. Versant Capital Management Inc lifted its position in DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy in the 3rd quarter worth about $39,000. 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.