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

Key Points

• DTE Energy has a “Moderate Buy” consensus rating from 15 analysts: nine recommend buying, five rate it a hold, and one gives a strong-buy rating. The average 12-month price target is $158.62.
• DTE reported quarterly EPS of $1.32, beating the $1.14 consensus estimate, while revenue reached $6.74 billion. Analysts expect full-year EPS of approximately $7.71.
• The company declared a quarterly dividend of $1.165 per share, equivalent to an annualized $4.66 payout and a 3.3% yield. Institutional investors own 76.06% of DTE’s outstanding stock.

DTE Energy Company (NYSE:DTE - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $158.6154.

DTE has been the subject of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of DTE Energy in a research note on Wednesday, July 22nd. Wells Fargo & Company restated an "overweight" rating and issued a $165.00 target price on shares of DTE Energy in a research note on Monday, June 15th. Mizuho dropped their target price on shares of DTE Energy from $165.00 to $164.00 and set an "outperform" rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $155.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Finally, Bank of America restated a "buy" rating on shares of DTE Energy in a research report on Wednesday, April 22nd.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company's stock, valued at $895,806.76. The trade was a 13.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On DTE Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its stake in shares of DTE Energy by 227.4% in the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider's stock worth $352,016,000 after acquiring an additional 1,895,631 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in DTE Energy in the fourth quarter valued at approximately $139,423,000. Cohen & Steers Inc. acquired a new position in DTE Energy in the fourth quarter valued at approximately $125,604,000. Vanguard Group Inc. boosted its stake in DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider's stock valued at $3,392,888,000 after acquiring an additional 766,499 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider's stock valued at $134,474,000 after acquiring an additional 648,007 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Down 1.3%

DTE stock opened at $139.83 on Thursday. DTE Energy has a 1-year low of $126.23 and a 1-year high of $155.74. The firm has a market cap of $29.10 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.10 and a beta of 0.38. The business's 50 day moving average is $147.36 and its 200-day moving average is $145.04. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.14 by $0.18. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same quarter last year, the company earned $1.36 EPS. Equities analysts anticipate that DTE Energy will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. DTE Energy's dividend payout ratio (DPR) is presently 73.73%.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company's utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.

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