DTE Energy (NYSE:DTE) Receives $136.25 Consensus Target Price from Analysts

Shares of DTE Energy (NYSE:DTE) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $136.25.

A number of equities analysts have issued reports on the company. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets boosted their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Scotiabank boosted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company.

Institutional Investors Weigh In On DTE Energy

Several institutional investors have recently modified their holdings of DTE. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the third quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $35,000. Prospera Private Wealth LLC acquired a new stake in shares of DTE Energy in the 3rd quarter valued at approximately $35,000. Versant Capital Management Inc boosted its stake in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in DTE Energy during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

Shares of DTE opened at $120.75 on Friday. The firm has a market capitalization of $25.01 billion, a PE ratio of 16.36, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average price of $121.20 and a 200 day moving average price of $122.69. DTE Energy has a 52-week low of $102.78 and a 52-week high of $131.66.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.61%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

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.