DTE Energy (NYSE:DTE) Given New $142.00 Price Target at BMO Capital Markets

DTE Energy (NYSE:DTE - Free Report) had its price objective raised by BMO Capital Markets from $135.00 to $142.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a market perform rating on the utilities provider's stock.

DTE has been the subject of several other research reports. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Morgan Stanley increased their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, Guggenheim increased their price objective on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.17.

DTE Energy Stock Performance

NYSE DTE traded down $2.00 during trading hours on Monday, hitting $134.98. The company had a trading volume of 47,511 shares, compared to its average volume of 1,195,289. The business has a 50 day moving average of $133.27 and a 200-day moving average of $126.27. The company has a market cap of $28.01 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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, equities research analysts expect that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, March 17th. DTE Energy's payout ratio is 64.40%.

Insider Transactions at DTE Energy

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the sale, the chief operating officer now directly owns 6,951 shares of the company's stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joann Chavez sold 7,062 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock valued at $1,559,205 over the last three months. 0.33% of the stock is currently owned by insiders.

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DTE. Barclays PLC grew its position in shares of DTE Energy by 11.9% in the third quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock valued at $96,961,000 after purchasing an additional 80,543 shares during the period. World Investment Advisors LLC purchased a new stake in DTE Energy in the 3rd quarter valued at about $269,000. Arvest Bank Trust Division acquired a new position in shares of DTE Energy during the 3rd quarter valued at about $10,338,000. Wilmington Savings Fund Society FSB purchased a new position in shares of DTE Energy during the 3rd quarter worth about $155,000. Finally, Tidal Investments LLC boosted its position in shares of DTE Energy by 4.0% in the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider's stock worth $320,000 after acquiring an additional 96 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

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.