DTE Energy (NYSE:DTE) Receives $123.92 Consensus PT from Analysts

Shares of DTE Energy (NYSE:DTE) have received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $124.92.

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on DTE Energy from $114.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. BMO Capital Markets boosted their price target on DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday. Barclays increased their price objective on shares of DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Bank of America boosted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DTE. Janus Henderson Group PLC increased its holdings in shares of DTE Energy by 6,964.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock valued at $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Clearbridge Investments LLC increased its holdings in DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after buying an additional 1,756,459 shares in the last quarter. Boston Partners boosted its stake in shares of DTE Energy by 66.8% during the 4th quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock worth $280,247,000 after acquiring an additional 1,018,212 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of DTE Energy during the 4th quarter worth about $74,478,000. Finally, Capital Research Global Investors grew its position in shares of DTE Energy by 1.9% during the 4th quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock valued at $2,308,076,000 after acquiring an additional 399,646 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

DTE opened at $124.62 on Thursday. The firm has a market capitalization of $25.79 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.67. 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 business’s 50-day moving average is $119.15 and its two-hundred day moving average is $114.00. DTE Energy has a 1 year low of $90.14 and a 1 year high of $127.59.

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

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.27%. DTE Energy’s payout ratio is 66.78%.

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.