DTE Energy's (DTE) "Buy" Rating Reiterated at Citigroup

Citigroup restated their buy rating on shares of DTE Energy (NYSE:DTE - Free Report) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have a $151.00 price objective on the utilities provider's stock, up from their prior price objective of $142.00.

Several other research firms have also recently weighed in on DTE. Barclays cut shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on shares of DTE Energy from $135.00 to $142.00 and gave the company a "market perform" rating in a research note on Monday, April 21st. Wells Fargo & Company boosted their target price on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Guggenheim upped their price objective on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Finally, Evercore ISI upped their price objective on DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, DTE Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.93.

DTE Energy Stock Down 1.5%

NYSE DTE traded down $2.10 during mid-day trading on Friday, reaching $135.02. The stock had a trading volume of 1,055,027 shares, compared to its average volume of 1,246,600. DTE Energy has a 1 year low of $108.40 and a 1 year high of $140.39. The stock has a market cap of $28.02 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. The company has a fifty day moving average price of $134.81 and a 200 day moving average price of $128.05. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.12. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. On average, research analysts expect that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, June 16th. DTE Energy's payout ratio is 58.92%.

Institutional Trading of DTE Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in DTE Energy by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after acquiring an additional 879,670 shares in the last quarter. Capital World Investors increased its stake in shares of DTE Energy by 123.2% in the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after purchasing an additional 3,766,221 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of DTE Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after purchasing an additional 115,270 shares in the last quarter. Boston Partners increased its stake in DTE Energy by 25.1% in the 4th 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. Finally, Janus Henderson Group PLC grew its stake in DTE Energy by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 2,732,819 shares of the utilities provider's stock valued at $329,988,000 after acquiring an additional 12,554 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

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.