Shares of DTE Energy Co (NYSE:DTE) have been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $126.36.
DTE has been the topic of a number of recent analyst reports. KeyCorp began coverage on DTE Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $136.00 price target on the stock. ValuEngine cut DTE Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. UBS Group boosted their target price on DTE Energy from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Zacks Investment Research raised DTE Energy from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, April 23rd. Finally, Bank of America dropped their target price on DTE Energy from $124.00 to $122.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd.
In other DTE Energy news, insider Mark W. Stiers sold 10,000 shares of DTE Energy stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $127.84, for a total value of $1,278,400.00. Following the transaction, the insider now owns 6,700 shares in the company, valued at $856,528. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Gerard M. Anderson sold 11,500 shares of DTE Energy stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $128.02, for a total transaction of $1,472,230.00. Following the completion of the transaction, the chairman now owns 80,406 shares in the company, valued at approximately $10,293,576.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,737 shares of company stock worth $2,781,170. 0.55% of the stock is currently owned by company insiders.
DTE opened at $128.68 on Tuesday. The business’s 50 day moving average is $129.13 and its 200-day moving average is $125.64. The stock has a market cap of $23.50 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.44 and a beta of 0.24. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29. DTE Energy has a twelve month low of $106.41 and a twelve month high of $132.09.
DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.10). The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.98 billion. DTE Energy had a net margin of 8.09% and a return on equity of 10.33%. During the same period last year, the firm posted $1.36 EPS. As a group, analysts forecast that DTE Energy will post 6.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $0.945 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.78 annualized dividend and a yield of 2.94%. DTE Energy’s dividend payout ratio (DPR) is 60.00%.
About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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