DTE Energy Company (NYSE:DTE) had its price objective decreased by Credit Suisse Group AG from $113.00 to $112.00 in a research note published on Thursday, October 26th. Credit Suisse Group AG currently has a neutral rating on the utilities provider’s stock.
Other equities analysts have also issued reports about the stock. Jefferies Group LLC reiterated a buy rating and set a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. KeyCorp restated a buy rating and issued a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. BidaskClub upgraded shares of DTE Energy from a hold rating to a buy rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of DTE Energy from a buy rating to a hold rating in a report on Monday, July 31st. Finally, BMO Capital Markets restated a hold rating and issued a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $111.50.
Shares of DTE Energy (NYSE DTE) traded up $1.79 on Thursday, reaching $114.24. 1,108,800 shares of the company’s stock traded hands, compared to its average volume of 875,907. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. DTE Energy has a twelve month low of $90.01 and a twelve month high of $114.33. The stock has a market capitalization of $20,172.44, a price-to-earnings ratio of 21.83, a PEG ratio of 3.38 and a beta of 0.23.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the business earned $1.96 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. analysts anticipate that DTE Energy will post 5.54 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be paid a $0.8825 dividend. The ex-dividend date is Friday, December 15th. This represents a $3.53 annualized dividend and a yield of 3.09%. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s payout ratio is presently 60.44%.
In other DTE Energy news, insider Mark W. Stiers sold 3,632 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the sale, the insider now owns 25,257 shares in the company, valued at approximately $2,779,027.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DTE. OppenheimerFunds Inc. raised its position in shares of DTE Energy by 9.0% during the 1st quarter. OppenheimerFunds Inc. now owns 13,766 shares of the utilities provider’s stock valued at $1,406,000 after buying an additional 1,136 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in DTE Energy by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 410,393 shares of the utilities provider’s stock valued at $41,902,000 after purchasing an additional 22,638 shares during the last quarter. Paloma Partners Management Co grew its holdings in DTE Energy by 95.3% during the 1st quarter. Paloma Partners Management Co now owns 9,837 shares of the utilities provider’s stock valued at $1,005,000 after purchasing an additional 4,799 shares during the last quarter. Magellan Asset Management Ltd bought a new position in DTE Energy during the 1st quarter valued at about $11,000,000. Finally, Janus Capital Management LLC grew its holdings in DTE Energy by 44.8% during the 1st quarter. Janus Capital Management LLC now owns 1,165,374 shares of the utilities provider’s stock valued at $118,997,000 after purchasing an additional 360,714 shares during the last quarter. Hedge funds and other institutional investors own 68.18% of the company’s stock.
DTE Energy Company Profile
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