Analysts Set DTE Energy Company (DTE) Price Target at $111.50
Shares of DTE Energy Company (NYSE:DTE) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $111.50.
A number of brokerages have issued reports on DTE. Credit Suisse Group lowered their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Bank of America Corporation began coverage on DTE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price objective for the company. BMO Capital Markets reiterated a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a research note on Friday, July 28th. Finally, BidaskClub cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
In other news, insider Mark W. Stiers sold 3,632 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the transaction, the insider now owns 25,257 shares in the company, valued at $2,779,027.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Pacad Investment Ltd. bought a new stake in shares of DTE Energy in the second quarter worth $106,000. Gradient Investments LLC grew its holdings in shares of DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 3 shares during the period. Sun Life Financial INC grew its holdings in shares of DTE Energy by 13,030.0% in the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 1,303 shares during the period. Vantage Investment Advisors LLC grew its holdings in shares of DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 10 shares during the period. Finally, Tortoise Capital Advisors L.L.C. grew its holdings in shares of DTE Energy by 335.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 1,032 shares during the period. 68.84% of the stock is owned by institutional investors.
DTE Energy (NYSE:DTE) traded up $0.62 on Wednesday, hitting $110.90. The stock had a trading volume of 1,324,799 shares, compared to its average volume of 1,117,418. The company has a market cap of $19.88 billion, a PE ratio of 21.51, a PEG ratio of 3.33 and a beta of 0.23. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20.
DTE Energy (NYSE:DTE) last released its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.05). The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. equities analysts expect that DTE Energy will post 5.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be paid a $0.8825 dividend. This represents a $3.53 annualized dividend and a dividend yield of 3.18%. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s payout ratio is currently 60.44%.
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DTE Energy Company Profile
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