DTE Energy (NYSE:DTE) Given Consensus Rating of “Moderate Buy” by Analysts

DTE Energy (NYSE:DTE) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $123.92.

Several analysts have issued reports on the company. BMO Capital Markets upped their target price on DTE Energy from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Monday, July 15th. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective for the company. Scotiabank lifted their target price on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Bank of America lifted their price objective on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 29th.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $126.32 on Thursday. DTE Energy has a one year low of $90.14 and a one year high of $127.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market capitalization of $26.14 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.29 and a beta of 0.66. The company’s fifty day moving average price is $118.35 and its 200-day moving average price is $113.62.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, equities research analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.23%. DTE Energy’s dividend payout ratio is presently 66.78%.

Institutional Trading of DTE Energy

Large investors have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC lifted its position in shares of DTE Energy by 3.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock worth $292,000 after purchasing an additional 94 shares during the period. ASB Consultores LLC lifted its holdings in DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after buying an additional 101 shares during the period. Center for Financial Planning Inc. boosted its position in DTE Energy by 2.2% during the 1st quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock valued at $558,000 after acquiring an additional 105 shares in the last quarter. TIAA Trust National Association grew its holdings in shares of DTE Energy by 2.9% during the 1st quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock worth $423,000 after acquiring an additional 106 shares during the period. Finally, S.A. Mason LLC raised its position in shares of DTE Energy by 10.5% in the 2nd quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 106 shares in the last quarter. Institutional investors 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.