Brokerages Set DTE Energy Company (DTE) PT at $107.11
DTE Energy Company (NYSE:DTE) has earned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $107.11.
Several research analysts have weighed in on DTE shares. BidaskClub lowered DTE Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Jefferies Group LLC restated a “buy” rating and set a $117.00 target price (up previously from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets restated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a research note on Friday, July 28th. Finally, Barclays PLC restated an “overweight” rating and set a $115.00 target price (up previously from $106.00) on shares of DTE Energy in a research note on Sunday, April 23rd.
Shares of DTE Energy (NYSE:DTE) traded up 0.24% on Friday, hitting $110.89. The stock had a trading volume of 555,232 shares. The firm has a market cap of $19.89 billion, a P/E ratio of 19.09 and a beta of 0.21. The company’s 50-day moving average price is $107.18 and its 200 day moving average price is $104.69. DTE Energy has a 12-month low of $89.66 and a 12-month high of $111.35.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.08. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. DTE Energy’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, equities research analysts forecast that DTE Energy will post $5.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.30 annualized dividend and a dividend yield of 2.98%. DTE Energy’s dividend payout ratio (DPR) is currently 56.60%.
In other news, insider Mark W. Stiers sold 3,632 shares of the firm’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 transaction, the insider now directly owns 25,257 shares in the company, valued at approximately $2,779,027.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bruce D. Peterson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares in the company, valued at $3,209,492.48. The disclosure for this sale can be found here. Insiders sold a total of 35,895 shares of company stock worth $3,889,444 over the last 90 days. 0.53% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of DTE. Bank of Montreal Can raised its position in DTE Energy by 2.8% in the first quarter. Bank of Montreal Can now owns 250,228 shares of the utilities provider’s stock valued at $25,550,000 after buying an additional 6,715 shares in the last quarter. Nisa Investment Advisors LLC raised its position in DTE Energy by 13.0% in the first quarter. Nisa Investment Advisors LLC now owns 46,920 shares of the utilities provider’s stock valued at $4,791,000 after buying an additional 5,395 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in DTE Energy during the first quarter valued at about $283,000. Huntington National Bank raised its position in DTE Energy by 3.5% in the first quarter. Huntington National Bank now owns 14,454 shares of the utilities provider’s stock valued at $1,476,000 after buying an additional 491 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in DTE Energy by 279.8% in the first quarter. State of Alaska Department of Revenue now owns 10,991 shares of the utilities provider’s stock valued at $1,121,000 after buying an additional 8,097 shares in the last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.
About DTE Energy
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