Analysts Set DTE Energy (NYSE:DTE) Target Price at $140.31

Shares of DTE Energy (NYSE:DTE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $140.31.

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley increased their target price on DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets increased their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Evercore ISI increased their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, StockNews.com upgraded DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st.

Insider Activity

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares of the company's stock, valued at $1,862,470.80. This trade represents a 33.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total value of $131,738.88. Following the transaction, the chief accounting officer now directly owns 3,437 shares in the company, valued at $446,535.04. This represents a 22.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,877 shares of company stock valued at $1,559,205 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DTE Energy

Several institutional investors have recently added to or reduced their stakes in DTE. Federation des caisses Desjardins du Quebec boosted its holdings in DTE Energy by 93.0% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 7,471 shares of the utilities provider's stock worth $1,033,000 after buying an additional 3,600 shares during the period. Dark Forest Capital Management LP grew its position in shares of DTE Energy by 288.7% in the first quarter. Dark Forest Capital Management LP now owns 37,184 shares of the utilities provider's stock valued at $5,141,000 after purchasing an additional 27,617 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in shares of DTE Energy by 5.3% in the first quarter. Focus Partners Advisor Solutions LLC now owns 7,251 shares of the utilities provider's stock valued at $1,002,000 after purchasing an additional 368 shares in the last quarter. Royal Bank of Canada raised its stake in shares of DTE Energy by 1.2% during the 1st quarter. Royal Bank of Canada now owns 1,173,220 shares of the utilities provider's stock valued at $162,221,000 after purchasing an additional 13,884 shares during the period. Finally, Energy Income Partners LLC lifted its holdings in DTE Energy by 4.0% during the 1st quarter. Energy Income Partners LLC now owns 718,161 shares of the utilities provider's stock worth $99,300,000 after purchasing an additional 27,682 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Up 2.6%

Shares of DTE Energy stock traded up $3.39 on Tuesday, reaching $136.08. 2,464,237 shares of the company's stock were exchanged, compared to its average volume of 1,232,442. The company has a market capitalization of $28.24 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.47. DTE Energy has a 52 week low of $108.40 and a 52 week high of $140.39. The firm's 50-day moving average is $134.32 and its two-hundred day moving average is $127.10. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The firm had revenue of $3.37 billion for the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same period in the prior year, the business earned $1.67 EPS. Sell-side analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's dividend payout ratio is presently 58.92%.

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.