DTE Energy Company (NYSE:DTE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of DTE Energy Company (NYSE:DTE) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $147.6923.

Several equities analysts have commented on DTE shares. Barclays dropped their price target on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. UBS Group reduced their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Wells Fargo & Company dropped their price objective on DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Bank of America boosted their target price on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, November 5th.

DTE Energy Stock Performance

Shares of DTE stock opened at $139.81 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. The firm has a fifty day moving average price of $132.12 and a 200 day moving average price of $136.04. The company has a market cap of $29.03 billion, a P/E ratio of 20.99, a PEG ratio of 2.53 and a beta of 0.49. DTE Energy has a 12 month low of $122.85 and a 12 month high of $143.79.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be issued a $1.165 dividend. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio is presently 69.97%.

Institutional Trading of DTE Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC increased its holdings in shares of DTE Energy by 5.0% during the 3rd quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock worth $16,762,000 after buying an additional 5,658 shares during the last quarter. CWM LLC increased its stake in DTE Energy by 50.5% during the third quarter. CWM LLC now owns 35,893 shares of the utilities provider’s stock worth $5,076,000 after acquiring an additional 12,045 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in DTE Energy during the third quarter worth about $16,723,000. Bogart Wealth LLC raised its holdings in shares of DTE Energy by 49,181.8% in the 3rd quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock worth $7,667,000 after purchasing an additional 54,100 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in shares of DTE Energy in the 2nd quarter valued at about $15,277,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.