DTE Energy (NYSE:DTE) PT Raised to $123.00

DTE Energy (NYSE:DTE) had its price target boosted by BMO Capital Markets from $120.00 to $123.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a market perform rating on the utilities provider’s stock.

A number of other equities analysts have also recently issued reports on DTE. Morgan Stanley cut their target price on DTE Energy from $116.00 to $111.00 and set an overweight rating on the stock in a report on Monday, June 24th. Scotiabank dropped their price objective on shares of DTE Energy from $129.00 to $120.00 and set a sector outperform rating on the stock in a research note on Monday, April 22nd. Barclays upped their target price on shares of DTE Energy from $115.00 to $119.00 and gave the stock an overweight rating in a report on Tuesday, April 30th. Finally, KeyCorp lifted their price target on DTE Energy from $117.00 to $125.00 and gave the company an overweight rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy presently has an average rating of Hold and an average target price of $116.78.

DTE Energy Trading Up 2.3 %

DTE opened at $117.36 on Monday. The company has a fifty day moving average price of $112.88 and a two-hundred day moving average price of $110.02. DTE Energy has a 1-year low of $90.14 and a 1-year high of $118.53. The company has a market cap of $24.29 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.72.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. Analysts predict that DTE Energy will post 6.69 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm 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 3.48%. DTE Energy’s payout ratio is presently 66.78%.

Insider Activity at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,198 shares of the business’s 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 transaction, the vice president now owns 4,271 shares of the company’s stock, valued at $498,041.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, 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 transaction of $402,745.00. Following the completion of the transaction, the insider now owns 59,475 shares in the company, valued at $6,843,788.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lisa A. Muschong sold 1,198 shares of DTE Energy stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $116.61, for a total transaction of $139,698.78. Following the completion of the sale, the vice president now directly owns 4,271 shares in the company, valued at approximately $498,041.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,698 shares of company stock valued at $1,702,444. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors lifted its stake in DTE Energy by 1.2% in the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock valued at $2,376,768,000 after purchasing an additional 261,623 shares during the last quarter. Boston Partners raised its stake in shares of DTE Energy by 66.8% in the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock valued at $280,247,000 after buying an additional 1,018,212 shares during the period. Clearbridge Investments LLC lifted its position in shares of DTE Energy by 224.7% during the 1st 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 during the last quarter. Janus Henderson Group PLC grew its stake 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 worth $234,410,000 after acquiring an additional 2,060,762 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in DTE Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,682,067 shares of the utilities provider’s stock worth $185,465,000 after acquiring an additional 40,208 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

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.