DTE Energy (NYSE:DTE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

DTE Energy (NYSE:DTE) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $138.58.

Several research firms have commented on DTE. Guggenheim upped their price target on shares of DTE Energy from $139.00 to $147.00 and gave the company a “buy” rating in a report on Friday, March 21st. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Barclays downgraded DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. BMO Capital Markets upped their price objective on DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, March 20th.

DTE Energy Stock Up 1.0 %

DTE Energy stock opened at $133.33 on Friday. The business’s 50-day simple moving average is $132.49 and its two-hundred day simple moving average is $126.01. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company has a market cap of $27.67 billion, a PE ratio of 19.69, a PEG ratio of 2.41 and a beta of 0.49. DTE Energy has a fifty-two week low of $105.04 and a fifty-two week high of $140.39.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. Equities analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, March 17th. DTE Energy’s dividend payout ratio is presently 64.40%.

Insider Activity at DTE Energy

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the transaction, the senior vice president now directly owns 14,067 shares of the company’s stock, valued at $1,862,470.80. This trade represents a 33.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Matthew T. Paul sold 3,801 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total value of $492,457.56. Following the completion of the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at $900,571.56. This trade represents a 35.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,877 shares of company stock valued at $1,559,205. 0.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Inscription Capital LLC purchased a new position in DTE Energy during the first quarter worth about $416,000. Stephens Consulting LLC increased its holdings in shares of DTE Energy by 135.2% during the 1st quarter. Stephens Consulting LLC now owns 9,036 shares of the utilities provider’s stock worth $1,249,000 after buying an additional 5,194 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of DTE Energy by 9.0% during the 1st quarter. QRG Capital Management Inc. now owns 34,897 shares of the utilities provider’s stock valued at $4,825,000 after buying an additional 2,884 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in DTE Energy by 14.0% in the first quarter. Sagespring Wealth Partners LLC now owns 3,309 shares of the utilities provider’s stock valued at $458,000 after acquiring an additional 406 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its position in DTE Energy by 8.2% in the first quarter. Cyndeo Wealth Partners LLC now owns 59,452 shares of the utilities provider’s stock worth $8,220,000 after acquiring an additional 4,515 shares during the period. Institutional investors and hedge funds 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.