DTE Energy (NYSE:DTE) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of DTE Energy (NYSE:DTE) from a sell rating to a hold rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently commented on DTE. Morgan Stanley lowered their price target on shares of DTE Energy from $116.00 to $111.00 and set an overweight rating for the company in a report on Monday, June 24th. Barclays boosted their price target on DTE Energy from $115.00 to $119.00 and gave the company an overweight rating in a report on Tuesday, April 30th. KeyCorp upped their target price on DTE Energy from $117.00 to $125.00 and gave the company an overweight rating in a research note on Monday, May 20th. BMO Capital Markets raised their price target 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. Finally, Scotiabank dropped their price objective on shares of DTE Energy from $129.00 to $120.00 and set a sector outperform rating for the company in a research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, DTE Energy currently has a consensus rating of Moderate Buy and a consensus price target of $118.40.

DTE Energy Trading Up 0.8 %

Shares of DTE Energy stock opened at $119.11 on Friday. DTE Energy has a 1 year low of $90.14 and a 1 year high of $120.54. 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 has a 50 day moving average price of $113.11 and a 200 day moving average price of $110.40. The company has a market capitalization of $24.65 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.15 and a beta of 0.66.

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, beating the consensus estimate of $1.21 by $0.22. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period in the prior year, the business earned $0.99 earnings per share. Sell-side analysts anticipate that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

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

Insiders Place Their Bets

In related news, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total value of $1,160,000.00. Following the completion of the sale, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at $4,862,836. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction on Wednesday, June 5th. The shares were 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 of the company’s stock, valued at $6,843,788.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark W. Stiers sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the chief operating officer now owns 41,921 shares in the company, valued at $4,862,836. The disclosure for this sale can be found here. Insiders sold a total of 14,698 shares of company stock valued at $1,702,444 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DTE Energy

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