DTE Energy Company (DTE) Sets New 52-Week High at $113.98
DTE Energy Company (NYSE:DTE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $113.98 and last traded at $112.45, with a volume of 636000 shares. The stock had previously closed at $113.22.
A number of equities research analysts have recently issued reports on the company. 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 report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and set a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reissued a “buy” rating and set a $113.00 target price on shares of DTE Energy in a report on Sunday, August 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $111.50.
The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. The company has a market capitalization of $20,493.55, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 3.44 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 analysts’ consensus estimates of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts expect that DTE Energy Company will post 5.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be issued a $0.8825 dividend. This represents a $3.53 dividend on an annualized basis and a yield of 3.05%. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, December 15th. DTE Energy’s dividend payout ratio is currently 60.44%.
In other DTE Energy news, insider Mark W. Stiers sold 3,632 shares of the company’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 of the company’s stock, valued at approximately $2,779,027.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Pacad Investment Ltd. acquired a new position in DTE Energy in the 2nd quarter valued at $106,000. Spectrum Management Group Inc. acquired a new position in DTE Energy in the 3rd quarter valued at $111,000. Gradient Investments LLC grew its holdings in DTE Energy by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Sun Life Financial INC grew its holdings in DTE Energy by 13,030.0% in the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after buying an additional 1,303 shares in the last quarter. Finally, Vantage Investment Advisors LLC grew its holdings in DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after buying an additional 10 shares in the last quarter. 68.18% of the stock is currently owned by hedge funds and other institutional investors.
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DTE Energy Company Profile
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