Brokerages Set DTE Energy (NYSE:DTE) Price Target at $134.31

Shares of DTE Energy (NYSE:DTE) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $134.31.

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Morgan Stanley reduced their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets raised their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th.

DTE Energy Stock Performance

Shares of DTE opened at $119.05 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. DTE Energy has a 12-month low of $102.17 and a 12-month high of $131.66. The business’s fifty day moving average price is $121.36 and its 200 day moving average price is $121.68. The stock has a market capitalization of $24.66 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $1.09 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.66%. DTE Energy’s dividend payout ratio (DPR) is presently 55.28%.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy during the third quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth about $35,000. Prospera Private Wealth LLC bought a new stake in DTE Energy during the 3rd quarter valued at approximately $35,000. Versant Capital Management Inc boosted its stake in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares during the period. Finally, Coastline Trust Co acquired a new stake in DTE Energy in the 3rd quarter valued at approximately $39,000. 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.