DTE Energy (NYSE:DTE) Receives $140.93 Consensus PT from Brokerages

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

Several research firms have commented on DTE. Wells Fargo & Company raised their price objective on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen lowered DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $137.00 to $135.00 in a report on Thursday, February 20th. Finally, BMO Capital Markets lifted their price objective 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.

Institutional Investors Weigh In On DTE Energy

Institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new stake in DTE Energy during the first quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new stake in shares of DTE Energy in the 1st quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DTE Energy in the 1st quarter valued at approximately $28,000. SouthState Corp acquired a new stake in shares of DTE Energy during the 1st quarter valued at approximately $29,000. Finally, N.E.W. Advisory Services LLC bought a new position in DTE Energy during the first quarter worth $31,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Trading Up 0.7%

DTE traded up $0.90 on Friday, reaching $134.80. 1,250,705 shares of the company's stock were exchanged, compared to its average volume of 1,259,403. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39. The company's 50 day moving average is $134.48 and its 200-day moving average is $128.96. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market cap of $27.97 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.41 and a beta of 0.45.

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

DTE Energy Dividend Announcement

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