DTE Energy Company (NYSE:DTE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• DTE Energy Company (NYSE:DTE) has received a consensus rating of "Moderate Buy" from twelve brokerages, with an average target price of $144.25.
• The company reported a quarterly earnings per share (EPS) of $1.36, slightly missing the consensus estimate, but exceeded revenue expectations with $2.91 billion.
• DTE Energy recently announced a $1.09 quarterly dividend, yielding 3.2%, set to be paid on October 15th to shareholders on record as of September 15th.

DTE Energy Company (NYSE:DTE - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $144.25.

DTE has been the subject of several analyst reports. Citigroup reissued a "buy" rating and set a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Morgan Stanley set a $140.00 price target on shares of DTE Energy and gave the company an "overweight" rating in a research report on Thursday, August 21st. Barclays raised their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Sunday. Finally, BMO Capital Markets lifted their target price on shares of DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th.

DTE Energy Stock Performance

Shares of DTE opened at $136.74 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. DTE Energy has a one year low of $115.59 and a one year high of $142.05. The company has a 50-day simple moving average of $137.23 and a two-hundred day simple moving average of $135.22. The firm has a market capitalization of $28.39 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.72 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.67 billion. On average, analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's payout ratio is 62.73%.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president owned 4,153 shares of the company's stock, valued at approximately $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On DTE Energy

Large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in DTE Energy by 5.1% in the 1st quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider's stock worth $303,000 after purchasing an additional 107 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of DTE Energy by 17.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider's stock worth $293,000 after acquiring an additional 318 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of DTE Energy by 3.5% during the 1st quarter. Fifth Third Bancorp now owns 7,705 shares of the utilities provider's stock worth $1,065,000 after acquiring an additional 264 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of DTE Energy by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 8,560 shares of the utilities provider's stock worth $1,184,000 after acquiring an additional 658 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of DTE Energy during the 1st quarter worth $282,000. 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.

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