DTE Energy (NYSE:DTE) Price Target Raised to $147.00

DTE Energy (NYSE:DTE - Free Report) had its price objective raised by Guggenheim from $139.00 to $147.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the utilities provider's stock.

A number of other equities research analysts also recently weighed in on the company. StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank boosted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and raised their price target for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Morgan Stanley upped their price objective on shares of DTE Energy from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Finally, Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $138.58.

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DTE Energy Trading Down 1.2 %

Shares of NYSE DTE traded down $1.66 during midday trading on Friday, reaching $134.49. The stock had a trading volume of 1,585,908 shares, compared to its average volume of 1,092,265. The company's 50 day moving average price is $128.04 and its 200 day moving average price is $125.03. 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 has a twelve month low of $103.06 and a twelve month high of $138.22. The firm has a market cap of $27.91 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59.

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

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's payout ratio is 64.40%.

Insider Activity

In other DTE Energy news, COO Matthew T. Paul sold 3,801 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 in the company, valued at $1,862,470.80. The trade was a 33.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in DTE Energy by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after purchasing an additional 879,670 shares during the last quarter. State Street Corp raised its holdings in shares of DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock valued at $1,319,264,000 after buying an additional 662,569 shares in the last quarter. Capital World Investors lifted its position in DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after buying an additional 3,766,221 shares during the last quarter. Geode Capital Management LLC lifted its position 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 last quarter. Finally, Boston Partners boosted its stake in DTE Energy by 25.1% in the fourth quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after buying an additional 582,643 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

About DTE Energy

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.