DTE Energy Company (NYSE:DTE) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• DTE Energy has received a consensus rating of "Moderate Buy" from analysts, with nine out of fourteen recommending a buy.
• The company's average 12-month price target among analysts has been set at $142.29, reflecting positive sentiment towards its stock performance.
• DTE Energy recently declared a quarterly dividend of $1.09 per share, demonstrating a competitive yield of 3.1% for investors.

Shares of DTE Energy Company (NYSE:DTE - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $142.2857.

Several equities analysts have recently issued reports on DTE shares. Wells Fargo & Company boosted their price target on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citigroup restated a "buy" rating and set a $151.00 price objective (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a research note on Sunday. Barclays lifted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Evercore ISI lifted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd.

DTE Energy Stock Up 0.5%

Shares of NYSE:DTE opened at $140.3660 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. DTE Energy has a 52-week low of $115.59 and a 52-week high of $142.05. The company has a 50 day moving average of $135.67 and a two-hundred day moving average of $134.00. The company has a market capitalization of $29.14 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.67 billion. As a group, analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a yield of 3.1%. DTE Energy's dividend payout ratio (DPR) is currently 62.73%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the transaction, the vice president owned 4,153 shares of the company's stock, valued at $583,621.09. The trade was a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DTE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its holdings in shares of DTE Energy by 5.1% during the first quarter. Bessemer Group Inc. now owns 2,192 shares of the utilities provider's stock worth $303,000 after buying an additional 107 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of DTE Energy by 17.7% during the first quarter. Oppenheimer & Co. Inc. now owns 2,118 shares of the utilities provider's stock valued at $293,000 after purchasing an additional 318 shares during the period. GAMMA Investing LLC increased its position in shares of DTE Energy by 8.3% during the first quarter. GAMMA Investing LLC now owns 8,560 shares of the utilities provider's stock valued at $1,184,000 after purchasing an additional 658 shares during the period. Fifth Third Bancorp increased its position in shares of DTE Energy by 3.5% during the first quarter. Fifth Third Bancorp now owns 7,705 shares of the utilities provider's stock valued at $1,065,000 after purchasing an additional 264 shares during the period. Finally, Brown Advisory Inc. bought a new stake in shares of DTE Energy during the first quarter valued at approximately $282,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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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