DTE Energy (NYSE:DTE) Receives Average Rating of “Moderate Buy” from Analysts

DTE Energy (NYSE:DTE) has earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $134.31.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Barclays boosted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Morgan Stanley lowered their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

DTE Energy Stock Up 0.6 %

Shares of DTE opened at $120.35 on Wednesday. The firm has a market cap of $24.92 billion, a P/E ratio of 16.31, a PEG ratio of 2.23 and a beta of 0.68. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66. The stock’s 50 day moving average is $121.53 and its two-hundred day moving average is $121.48. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $1.09 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.62%. DTE Energy’s payout ratio is presently 59.08%.

Institutional Trading of DTE Energy

Several hedge funds have recently made changes to their positions in DTE. Hancock Whitney Corp lifted its stake in shares of DTE Energy by 80.0% in the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after purchasing an additional 5,725 shares during the last quarter. Bank of Montreal Can increased its position in shares of DTE Energy by 19.0% during the second quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider’s stock valued at $30,220,000 after acquiring an additional 42,960 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of DTE Energy during the third quarter valued at about $650,000. Blueshift Asset Management LLC purchased a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $583,000. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of DTE Energy by 3.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 907,345 shares of the utilities provider’s stock worth $116,512,000 after acquiring an additional 30,909 shares during the last quarter. Hedge funds and other 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.