DTE Energy Company (NYSE:DTE) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of DTE Energy Company (NYSE:DTE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $140.93.

A number of brokerages recently issued reports on DTE. Guggenheim increased their target price on DTE Energy from $139.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Morgan Stanley lowered their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. BMO Capital Markets upped their target price on shares of DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Finally, Citigroup reiterated a "buy" rating and set a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd.

Institutional Trading of DTE Energy

A number of hedge funds have recently bought and sold shares of DTE. Cloud Capital Management LLC bought a new position in DTE Energy during the first quarter valued at about $25,000. Olde Wealth Management LLC bought a new stake in DTE Energy in the first quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in DTE Energy in the first quarter valued at about $28,000. SouthState Corp bought a new position in shares of DTE Energy during the 1st quarter valued at approximately $29,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of DTE Energy during the 1st quarter worth approximately $31,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Down 1.3%

Shares of DTE stock traded down $1.77 during trading hours on Wednesday, hitting $130.66. 2,022,574 shares of the company were exchanged, compared to its average volume of 1,284,266. The company has a 50 day simple moving average of $134.93 and a two-hundred day simple moving average of $130.01. The firm has a market cap of $27.11 billion, a P/E ratio of 17.66, a P/E/G ratio of 2.40 and a beta of 0.44. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.59 and a current ratio of 0.87. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. The business had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period last year, the company posted $1.67 earnings per share. Equities analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio is presently 58.92%.

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.