DTE Energy (NYSE:DTE) Receives $138.58 Consensus Price Target from Brokerages

DTE Energy (NYSE:DTE - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $139.17.

A number of research analysts have commented on the company. Guggenheim boosted their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Barclays lowered DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, Morgan Stanley lifted their target price on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th.

DTE Energy Trading Up 0.2 %

DTE Energy stock traded up $0.26 during midday trading on Friday, reaching $136.06. The stock had a trading volume of 89,129 shares, compared to its average volume of 1,365,724. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39. The stock has a market capitalization of $28.23 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. 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 stock's 50-day simple moving average is $132.97 and its 200 day simple moving average is $126.11.

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

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy's dividend payout ratio (DPR) is 64.40%.

Insider Activity

In other news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at approximately $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares in the company, 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. Over the last ninety days, insiders have sold 11,877 shares of company stock valued at $1,559,205. Company insiders own 0.33% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Retirement Guys Formula LLC grew its holdings in DTE Energy by 7.6% during the first quarter. Retirement Guys Formula LLC now owns 10,283 shares of the utilities provider's stock worth $1,422,000 after acquiring an additional 723 shares during the period. Consolidated Portfolio Review Corp acquired a new position in DTE Energy during the first quarter worth about $221,000. Asset Management One Co. Ltd. increased its stake in DTE Energy by 4.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 111,022 shares of the utilities provider's stock worth $15,351,000 after purchasing an additional 5,018 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in DTE Energy by 17.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider's stock worth $293,000 after purchasing an additional 318 shares in the last quarter. Finally, First American Bank increased its stake in DTE Energy by 0.7% in the 1st quarter. First American Bank now owns 12,304 shares of the utilities provider's stock worth $1,701,000 after purchasing an additional 85 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

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.