DTE Energy (NYSE:DTE) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of DTE Energy (NYSE:DTE) in a report issued on Wednesday, Marketbeat reports. The firm issued a buy rating and a $131.00 price target on the utilities provider’s stock.

A number of other research analysts also recently commented on the company. Scotiabank reduced their price target on DTE Energy from $129.00 to $120.00 and set a sector outperform rating for the company in a report on Monday, April 22nd. Barclays increased their price target on DTE Energy from $123.00 to $128.00 and gave the company an overweight rating in a report on Tuesday, July 30th. BMO Capital Markets increased their price target on DTE Energy from $120.00 to $123.00 and gave the company a market perform rating in a report on Monday, July 15th. StockNews.com raised DTE Energy from a sell rating to a hold rating in a report on Sunday. Finally, KeyCorp increased their target price on DTE Energy from $117.00 to $125.00 and gave the stock an overweight rating in a report on Monday, May 20th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy currently has an average rating of Moderate Buy and a consensus price target of $120.36.

DTE Energy Stock Down 0.8 %

Shares of DTE stock traded down $0.92 during trading hours on Wednesday, reaching $121.11. The company had a trading volume of 43,567 shares, compared to its average volume of 1,082,458. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. DTE Energy has a twelve month low of $90.14 and a twelve month high of $126.76. The company has a market capitalization of $25.06 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. The stock’s fifty day simple moving average is $114.68 and its 200 day simple moving average is $111.67.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, sell-side analysts expect that DTE Energy will post 6.7 earnings per share 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. Investors of record on Monday, September 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.37%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio is currently 66.78%.

Insider Activity

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

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital Research Global Investors boosted its position in shares of 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 worth $2,376,768,000 after buying an additional 261,623 shares during the period. Ameriprise Financial Inc. boosted its position in shares of DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after buying an additional 86,205 shares during the period. Boston Partners boosted its position 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 worth $280,247,000 after buying an additional 1,018,212 shares during the period. Clearbridge Investments LLC boosted its position in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after buying an additional 1,756,459 shares during the period. Finally, Janus Henderson Group PLC boosted its position in DTE Energy by 6,964.9% during 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 purchasing an additional 2,060,762 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.