DTE Energy (NYSE:DTE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of DTE Energy (NYSE:DTE) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $134.31.

A number of brokerages recently issued reports on DTE. BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Bank of America raised their price target on DTE Energy from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Barclays upped their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price target for the company.

DTE Energy Stock Performance

DTE stock opened at $117.53 on Friday. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The stock has a market capitalization of $24.34 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The stock’s fifty day moving average is $123.40 and its two-hundred day moving average is $120.66.

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 issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.71%. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DTE. Diversified Trust Co bought a new stake in shares of DTE Energy in the 2nd quarter valued at approximately $279,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of DTE Energy by 23.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,263 shares of the utilities provider’s stock worth $1,916,000 after purchasing an additional 3,273 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of DTE Energy by 4.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,014 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 222 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of DTE Energy by 9.7% in the 2nd quarter. Blue Trust Inc. now owns 1,995 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 176 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in DTE Energy by 91.0% in the second quarter. Gradient Investments LLC now owns 1,333 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 635 shares in the last quarter. Hedge funds and other institutional investors 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.