Analysts Set DTE Energy (NYSE:DTE) PT at $134.31

DTE Energy (NYSE:DTE) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $134.31.

Several analysts recently commented on the company. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Scotiabank increased their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. 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 report on Friday, October 18th.

Hedge Funds Weigh In On DTE Energy

Several hedge funds have recently modified their holdings of DTE. Farther Finance Advisors LLC raised its stake in shares of DTE Energy by 2.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 81 shares during the period. Signaturefd LLC grew its holdings in DTE Energy by 3.1% during the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 86 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after buying an additional 94 shares during the period. Tidal Investments LLC lifted its position in shares of DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock valued at $320,000 after buying an additional 96 shares during the last quarter. Finally, ASB Consultores LLC grew its stake in shares of DTE Energy by 4.9% during the 2nd quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 101 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 1.0 %

Shares of DTE opened at $121.35 on Friday. The stock’s 50-day moving average price is $123.63 and its two-hundred day moving average price is $120.65. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66. The company has a market capitalization of $25.13 billion, a PE ratio of 16.44, a PEG ratio of 2.23 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

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 issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 annualized dividend and a yield of 3.59%. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio is 59.08%.

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.