DTE Energy (NYSE:DTE) PT Raised to $113.00 at BMO Capital Markets

DTE Energy (NYSE:DTE - Free Report) had its price target hoisted by BMO Capital Markets from $111.00 to $113.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a market perform rating on the utilities provider's stock.

Other equities research analysts have also issued research reports about the stock. Guggenheim lowered shares of DTE Energy from a buy rating to a neutral rating and set a $111.00 price objective for the company. in a research note on Monday, January 22nd. TheStreet upgraded shares of DTE Energy from a c+ rating to a b- rating in a research note on Friday, March 15th. KeyCorp increased their price objective on shares of DTE Energy from $106.00 to $117.00 and gave the company an overweight rating in a research note on Thursday, January 4th. Wolfe Research lowered shares of DTE Energy from an outperform rating to a peer perform rating in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of DTE Energy from $118.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, DTE Energy presently has a consensus rating of Hold and an average price target of $114.56.

DTE Energy Stock Up 2.0 %

Shares of DTE traded up $2.07 on Wednesday, reaching $105.27. The company's stock had a trading volume of 1,517,155 shares, compared to its average volume of 1,196,654. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The stock has a market capitalization of $21.78 billion, a PE ratio of 15.55, a PEG ratio of 2.62 and a beta of 0.64. The firm has a fifty day moving average of $108.61 and a 200-day moving average of $105.55.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.01. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the prior year, the business posted $1.31 EPS. Equities analysts predict that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 annualized dividend and a dividend yield of 3.88%. DTE Energy's payout ratio is currently 60.36%.

Insider Transactions at DTE Energy

In related news, SVP Joann Chavez sold 6,070 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now directly owns 16,667 shares of the company's stock, valued at approximately $1,819,869.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Lisa A. Muschong sold 2,775 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $108.43, for a total value of $300,893.25. Following the completion of the transaction, the vice president now directly owns 5,469 shares of the company's stock, valued at approximately $593,003.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joann Chavez sold 6,070 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the completion of the transaction, the senior vice president now directly owns 16,667 shares of the company's stock, valued at $1,819,869.73. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 in the last quarter. Insiders own 0.28% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its holdings in DTE Energy by 0.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 129,083 shares of the utilities provider's stock valued at $12,815,000 after purchasing an additional 1,106 shares during the period. Raymond James & Associates boosted its holdings in DTE Energy by 6.5% in the 4th quarter. Raymond James & Associates now owns 209,488 shares of the utilities provider's stock valued at $23,098,000 after purchasing an additional 12,871 shares during the period. SG Americas Securities LLC boosted its holdings in DTE Energy by 273.2% in the 4th quarter. SG Americas Securities LLC now owns 48,071 shares of the utilities provider's stock valued at $5,300,000 after purchasing an additional 35,189 shares during the period. HITE Hedge Asset Management LLC boosted its holdings in DTE Energy by 302.3% in the 4th quarter. HITE Hedge Asset Management LLC now owns 162,249 shares of the utilities provider's stock valued at $17,890,000 after purchasing an additional 121,921 shares during the period. Finally, Arvest Investments Inc. bought a new position in DTE Energy in the 4th quarter valued at $2,581,000. 76.06% of the stock is owned by institutional investors.

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.