DTE Energy (NYSE:DTE) Price Target Increased to $122.00 by Analysts at Mizuho

DTE Energy (NYSE:DTEGet Rating) had its price objective lifted by Mizuho from $115.00 to $122.00 in a report issued on Monday morning, The Fly reports. The firm currently has a buy rating on the utilities provider’s stock.

Other equities research analysts have also issued research reports about the company. Morgan Stanley increased their price target on DTE Energy from $115.00 to $123.00 and gave the stock an overweight rating in a research note on Friday, November 11th. Wells Fargo & Company lowered their price target on DTE Energy from $147.00 to $128.00 and set an overweight rating on the stock in a report on Wednesday, October 19th. Credit Suisse Group increased their price objective on shares of DTE Energy to $140.00 in a report on Tuesday, August 9th. StockNews.com initiated coverage on shares of DTE Energy in a research report on Wednesday, October 12th. They set a hold rating on the stock. Finally, TheStreet cut shares of DTE Energy from a b rating to a c+ rating in a research note on Thursday, October 6th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $129.36.

DTE Energy Stock Down 1.4 %

DTE stock opened at $113.00 on Monday. The business’s 50-day moving average price is $115.14 and its 200-day moving average price is $124.03. The stock has a market cap of $21.89 billion, a P/E ratio of 19.55, a PEG ratio of 3.17 and a beta of 0.60. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 1.94. DTE Energy has a twelve month low of $100.64 and a twelve month high of $140.23.

DTE Energy (NYSE:DTEGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The utilities provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. DTE Energy had a net margin of 5.79% and a return on equity of 12.90%. During the same quarter in the prior year, the company earned $1.72 EPS. On average, equities research analysts forecast that DTE Energy will post 6.02 EPS for the current year.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 15th. Shareholders of record on Monday, December 19th will be issued a dividend of $0.952 per share. This represents a $3.81 annualized dividend and a yield of 3.37%. This is a boost from DTE Energy’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, December 16th. DTE Energy’s dividend payout ratio is presently 61.25%.

Hedge Funds Weigh In On DTE Energy

A number of large investors have recently bought and sold shares of DTE. Lazard Asset Management LLC boosted its position in shares of DTE Energy by 70.7% in the 2nd quarter. Lazard Asset Management LLC now owns 210 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 87 shares in the last quarter. CI Investments Inc. raised its holdings in shares of DTE Energy by 966.7% in the third quarter. CI Investments Inc. now owns 256 shares of the utilities provider’s stock worth $29,000 after buying an additional 232 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of DTE Energy during the first quarter worth $35,000. Charter Oak Capital Management LLC purchased a new stake in shares of DTE Energy during the second quarter valued at $39,000. Finally, Sound Income Strategies LLC increased its position in shares of DTE Energy by 96.7% in the 2nd quarter. Sound Income Strategies LLC now owns 362 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 178 shares during the period. Institutional investors own 73.80% of the company’s stock.

DTE Energy Company Profile

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DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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