Brokerages Set DTE Energy (NYSE:DTE) Price Target at $134.31

Shares of DTE Energy (NYSE:DTE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are presently covering the stock, Marketbeat 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 brokerages that have issued ratings on the stock in the last year is $134.31.

DTE has been the topic of several analyst reports. Jefferies Financial Group began coverage on shares of DTE Energy in a research report on Monday, October 21st. They issued a "hold" rating and a $137.00 price objective on the stock. 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. BMO Capital Markets boosted their price objective on DTE Energy from $135.00 to $140.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Bank of America increased their target price on DTE Energy from $131.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Finally, StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th.

Institutional Trading of DTE Energy

Several hedge funds have recently modified their holdings of DTE. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy during the 3rd quarter worth approximately $30,000. Ridgewood Investments LLC acquired a new position in shares of DTE Energy during the second quarter worth $31,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the third quarter worth $35,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy during the 3rd quarter valued at $35,000. Finally, Coastline Trust Co acquired a new stake in shares of DTE Energy in the 3rd quarter worth $39,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Up 0.4 %

Shares of DTE traded up $0.50 during midday trading on Friday, hitting $121.28. The stock had a trading volume of 1,439,497 shares, compared to its average volume of 1,128,490. The stock's 50 day moving average is $123.71 and its 200 day moving average is $120.52. The firm has a market cap of $25.12 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $1.09 dividend. The ex-dividend date is Monday, December 16th. This is an increase from DTE Energy's previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.59%. DTE Energy's dividend payout ratio (DPR) is currently 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.