DTE Energy (NYSE:DTE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of DTE Energy (NYSE:DTE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $135.67.

A number of equities analysts have recently commented on DTE shares. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. BMO Capital Markets boosted their price target on DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Scotiabank upped their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st.

DTE Energy Stock Up 1.5 %

DTE Energy stock traded up $1.92 during midday trading on Thursday, reaching $133.76. The stock had a trading volume of 1,161,945 shares, compared to its average volume of 1,151,437. DTE Energy has a 1-year low of $103.06 and a 1-year high of $134.11. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The firm's fifty day simple moving average is $123.47 and its 200-day simple moving average is $123.82. The stock has a market capitalization of $27.72 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. As a group, analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced 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 is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.26%. DTE Energy's payout ratio is presently 64.40%.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the transaction, the senior vice president now directly owns 14,067 shares of the company's stock, valued at approximately $1,862,470.80. This represents a 33.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the completion of the sale, the chief accounting officer now directly owns 3,437 shares of the company's stock, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock worth $1,559,205 in the last quarter. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in 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 during the period. State Street Corp increased its stake in shares of DTE Energy by 7.0% in the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock worth $1,319,264,000 after purchasing an additional 662,569 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider's stock valued at $903,878,000 after purchasing an additional 7,023,042 shares during the period. Capital World Investors lifted its stake in shares of DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after buying an additional 3,766,221 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in DTE Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after buying an additional 115,270 shares during the period. 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.