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

Shares of DTE Energy (NYSE:DTE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $138.58.

A number of research analysts have issued reports on DTE shares. Scotiabank increased their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. KeyCorp cut shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Barclays downgraded DTE Energy from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Morgan Stanley increased their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Finally, Guggenheim upped their target price on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st.

DTE Energy Stock Performance

DTE traded down $0.55 during trading on Monday, hitting $135.17. 1,204,808 shares of the stock were exchanged, compared to its average volume of 1,095,800. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 1-year low of $103.06 and a 1-year high of $138.22. The stock has a fifty day moving average price of $128.34 and a two-hundred day moving average price of $125.10. The firm has a market capitalization of $28.05 billion, a P/E ratio of 19.97, a PEG ratio of 2.41 and a beta of 0.59.

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DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS 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%. As a group, sell-side analysts predict that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.23%. DTE Energy's payout ratio is 64.40%.

Insider Activity at DTE Energy

In related news, CAO Tracy J. Myrick sold 1,014 shares of the firm's 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 transaction, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. This trade represents a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the company'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 completion of the sale, the senior vice president now owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DTE Energy

Several hedge funds have recently made changes to their positions in the business. Capital World Investors lifted its holdings in shares of DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after purchasing an additional 3,766,221 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after acquiring an additional 879,670 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in DTE Energy by 1,794.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock worth $111,159,000 after purchasing an additional 871,978 shares during the period. AQR Capital Management LLC grew its position in DTE Energy by 750.0% during the 4th quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock worth $116,482,000 after purchasing an additional 851,169 shares in the last quarter. Finally, Invesco Ltd. raised its stake in DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock valued at $297,358,000 after purchasing an additional 822,854 shares during the period. Institutional investors and hedge funds 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.