DTE Energy (NYSE:DTE) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen has downgraded DTE Energy from a "hold" to a "sell" rating, indicating a shift in sentiment toward the company's stock.
• Despite the downgrade, several other analysts like Evercore ISI and Citigroup have recently raised their price targets for DTE Energy, suggesting a mixed outlook among analysts.
• DTE Energy's stock is currently trading at approximately $139.87, reflecting a slight decline of 0.2% on the day, with a 52-week price range between $115.59 and $142.05.

Wall Street Zen cut shares of DTE Energy (NYSE:DTE - Free Report) from a hold rating to a sell rating in a research note published on Monday.

Other equities analysts also recently issued research reports about the stock. Evercore ISI lifted their target price on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Barclays boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Morgan Stanley lowered their price objective on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Citigroup restated a "buy" rating and issued a $151.00 price objective (up from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.86.

DTE Energy Trading Up 0.3%

NYSE DTE traded up $0.38 on Monday, hitting $138.48. The company's stock had a trading volume of 700,477 shares, compared to its average volume of 1,188,279. The firm has a market cap of $28.75 billion, a PE ratio of 19.93, a PEG ratio of 2.74 and a beta of 0.42. DTE Energy has a 1-year low of $115.59 and a 1-year high of $142.05. The company's 50-day moving average is $136.08 and its 200 day moving average is $134.57. 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 (NYSE:DTE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $2.67 billion. As a group, analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 annualized dividend and a dividend yield of 3.1%. DTE Energy's dividend payout ratio is presently 62.73%.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the sale, the vice president directly owned 4,153 shares of the company's stock, valued at approximately $583,621.09. This represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.33% of the company's stock.

Institutional Trading of DTE Energy

A number of institutional investors have recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new stake in DTE Energy in the first quarter worth $25,000. Quintet Private Bank Europe S.A. acquired a new position in shares of DTE Energy in the 2nd quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in shares of DTE Energy during the 1st quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DTE Energy during the first quarter worth approximately $28,000. Finally, SouthState Corp purchased a new stake in DTE Energy in the 1st quarter valued at $29,000. 76.06% of the stock is currently 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.