DTE Energy (NYSE:DTE) Upgraded at UBS Group

UBS Group upgraded shares of DTE Energy (NYSE:DTE) from a neutral rating to a buy rating in a research note released on Tuesday morning, Marketbeat reports. The brokerage currently has $143.00 price objective on the utilities provider’s stock, up from their prior price objective of $129.00.

Several other brokerages have also weighed in on DTE. Jefferies Financial Group began coverage on DTE Energy in a research report on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. KeyCorp increased their price target on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Morgan Stanley decreased their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. LADENBURG THALM/SH SH began coverage on DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price target for the company. Finally, BMO Capital Markets increased their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.29.

DTE Energy Price Performance

Shares of NYSE DTE opened at $122.95 on Tuesday. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The business’s fifty day moving average price is $124.63 and its two-hundred day moving average price is $120.15. The firm has a market capitalization of $25.46 billion, a PE ratio of 16.66, a P/E/G ratio of 2.28 and a beta of 0.68.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a $1.09 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.55%. DTE Energy’s dividend payout ratio (DPR) is 55.28%.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in DTE Energy in the 3rd quarter worth about $30,000. Ridgewood Investments LLC purchased a new stake in DTE Energy in the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in DTE Energy in the 3rd quarter worth about $35,000. Prospera Private Wealth LLC purchased a new stake in DTE Energy in the 3rd quarter worth about $35,000. Finally, Coastline Trust Co purchased a new stake in DTE Energy in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Company Profile

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.