Brokerages Set DTE Energy (NYSE:DTE) PT at $134.31

DTE Energy (NYSE:DTE - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $134.31.

A number of equities research analysts have recently issued reports on the company. KeyCorp lowered DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their price target on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Barclays raised their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. UBS Group raised shares of DTE Energy from a "neutral" rating to a "buy" rating and increased their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Finally, Scotiabank increased their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th.

DTE Energy Price Performance

Shares of DTE Energy stock traded up $0.68 during trading hours on Wednesday, reaching $121.06. 814,858 shares of the company's stock were exchanged, compared to its average volume of 830,392. The business has a fifty day moving average of $121.53 and a two-hundred day moving average of $121.48. The company has a market capitalization of $25.07 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 2.23 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. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.60%. This is a boost from DTE Energy's previous quarterly dividend of $1.02. DTE Energy's dividend payout ratio (DPR) is presently 59.08%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DTE. Legacy Investment Solutions LLC purchased a new stake in DTE Energy in the third quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy during the third quarter worth approximately $35,000. Versant Capital Management Inc lifted its stake in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock valued at $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $39,000. 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.