DTE Energy (NYSE:DTE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of DTE Energy (NYSE:DTE) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $134.31.

A number of research analysts recently weighed in on DTE shares. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Jefferies Financial Group started coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price target for the company. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets increased their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $120.35 on Wednesday. The stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. 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 has a 50-day moving average of $121.53 and a 200 day moving average of $121.48. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $1.09 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.62%. DTE Energy’s dividend payout ratio is presently 59.08%.

Institutional Investors Weigh In On DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DTE. Legacy Investment Solutions LLC purchased a new position in shares of DTE Energy during the third quarter worth about $30,000. Ashton Thomas Securities LLC purchased a new position in DTE Energy during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC purchased a new position in DTE Energy during the 3rd quarter worth approximately $35,000. Versant Capital Management Inc increased its position in DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new stake in DTE Energy in the third quarter valued at approximately $39,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.