Barclays Increases DTE Energy (NYSE:DTE) Price Target to $115.00

DTE Energy (NYSE:DTE) had its price objective increased by Barclays from $112.00 to $115.00 in a report published on Monday, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other brokerages have also issued reports on DTE. Wolfe Research lowered DTE Energy from an outperform rating to a peer perform rating in a research note on Tuesday, January 16th. KeyCorp raised their price objective on DTE Energy from $106.00 to $117.00 and gave the company an overweight rating in a research report on Thursday, January 4th. TheStreet upgraded DTE Energy from a c+ rating to a b- rating in a research report on Friday, March 15th. BMO Capital Markets cut their price objective on DTE Energy from $113.00 to $111.00 and set a market perform rating for the company in a research report on Monday, February 12th. Finally, Morgan Stanley raised their price objective on DTE Energy from $108.00 to $109.00 and gave the company an overweight rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, DTE Energy has an average rating of Hold and a consensus price target of $114.33.

DTE Energy Trading Down 0.7 %

Shares of DTE stock opened at $105.52 on Monday. DTE Energy has a 52-week low of $90.14 and a 52-week high of $116.73. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a market capitalization of $21.84 billion, a PE ratio of 15.61, a PEG ratio of 2.64 and a beta of 0.64. The stock has a fifty day simple moving average of $108.63 and a two-hundred day simple moving average of $105.52.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.01. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the prior year, the business posted $1.31 EPS. On average, analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy’s payout ratio is 60.36%.

Insiders Place Their Bets

In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at $370,572.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock valued at $2,168,183 over the last 90 days. Insiders own 0.28% of the company’s stock.

Institutional Trading of DTE Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. PBMares Wealth Management LLC raised its stake in shares of DTE Energy by 4.5% during the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 100 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of DTE Energy by 17.0% during the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 102 shares in the last quarter. Brinker Capital Investments LLC raised its stake in shares of DTE Energy by 4.6% during the first quarter. Brinker Capital Investments LLC now owns 2,392 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 106 shares in the last quarter. Telemus Capital LLC raised its stake in shares of DTE Energy by 3.1% during the third quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 111 shares in the last quarter. Finally, ASB Consultores LLC raised its stake in shares of DTE Energy by 5.6% during the third quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

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.