Analysts Set DTE Energy (NYSE:DTE) PT at $119.30

Shares of DTE Energy (NYSE:DTE) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $120.36.

DTE has been the subject of several research reports. LADENBURG THALM/SH SH initiated coverage on DTE Energy in a research report on Wednesday. They issued a “buy” rating and a $131.00 target price for the company. Scotiabank lowered their price objective on DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company upped their target price on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. BMO Capital Markets lifted their price target on shares of DTE Energy from $120.00 to $123.00 and gave the company a “market perform” rating in a research report on Monday, July 15th. Finally, KeyCorp upped their price objective on shares of DTE Energy from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, May 20th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On DTE Energy

A number of large investors have recently made changes to their positions in the company. ESL Trust Services LLC purchased a new position in shares of DTE Energy in the first quarter worth approximately $27,000. MV Capital Management Inc. boosted its stake in shares of DTE Energy by 104.4% during the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 143 shares during the last quarter. Rise Advisors LLC boosted its stake in shares of DTE Energy by 89.6% during the 1st quarter. Rise Advisors LLC now owns 273 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 129 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of DTE Energy during the 2nd quarter valued at $31,000. Finally, Denali Advisors LLC purchased a new stake in shares of DTE Energy in the 1st quarter worth $34,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Performance

NYSE:DTE opened at $121.99 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $114.85 and its 200 day simple moving average is $111.74. The stock has a market cap of $25.24 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. DTE Energy has a twelve month low of $90.14 and a twelve month high of $126.76.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. As a group, research analysts predict that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The firm also recently disclosed 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 3.34%. 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.