DTE Energy (NYSE:DTE) Downgraded by StockNews.com

StockNews.com downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research note published on Saturday morning.

DTE has been the topic of a number of other research reports. Morgan Stanley lowered their price target on DTE Energy from $116.00 to $111.00 and set an overweight rating on the stock in a report on Monday, June 24th. KeyCorp boosted their target price on shares of DTE Energy from $117.00 to $125.00 and gave the company an overweight rating in a research note on Monday, May 20th. Wells Fargo & Company raised their price objective on DTE Energy from $125.00 to $133.00 and gave the stock an overweight rating in a report on Friday, July 26th. Barclays lifted their target price on DTE Energy from $123.00 to $128.00 and gave the company an overweight rating in a report on Tuesday, July 30th. Finally, Scotiabank cut their price objective on DTE Energy from $129.00 to $120.00 and set a sector outperform rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $119.30.

DTE Energy Price Performance

DTE Energy stock opened at $118.79 on Friday. The company has a 50-day moving average price of $113.72 and a 200 day moving average price of $110.80. The stock has a market cap of $24.58 billion, a P/E ratio of 19.58, a PEG ratio of 2.27 and a beta of 0.66. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. DTE Energy has a 12-month low of $90.14 and a 12-month high of $126.76.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the prior year, the company earned $0.99 earnings per share. Sell-side analysts anticipate that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, September 16th. DTE Energy’s payout ratio is 66.78%.

Insider Activity

In other DTE Energy news, VP Lisa A. Muschong sold 1,198 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the sale, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of DTE Energy stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now directly owns 59,475 shares in the company, valued at $6,843,788.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the sale, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,698 shares of company stock valued at $1,702,444. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DTE. ESL Trust Services LLC bought a new stake in shares of DTE Energy during the first quarter valued at approximately $27,000. MV Capital Management Inc. lifted its position in DTE Energy by 104.4% during the fourth quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 143 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of DTE Energy by 89.6% during the first quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 129 shares during the period. Ridgewood Investments LLC purchased a new position in DTE Energy during the second quarter valued at approximately $31,000. Finally, Denali Advisors LLC acquired a new stake in DTE Energy during the first quarter valued at $34,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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.