DTE Energy Co. (NYSE:DTE) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the firm. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $102.57.
A number of equities analysts have issued reports on the company. Macquarie upped their target price on DTE Energy from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, September 27th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Jefferies Group set a $103.00 price target on DTE Energy and gave the company a “buy” rating in a report on Tuesday, November 22nd. Finally, Bank of America Corp. upgraded DTE Energy from a “neutral” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, November 22nd.
Shares of DTE Energy (NYSE:DTE) opened at 98.89 on Thursday. The firm has a 50-day moving average price of $97.51 and a 200-day moving average price of $95.32. The firm has a market cap of $17.74 billion, a P/E ratio of 21.76 and a beta of 0.18. DTE Energy has a 12-month low of $78.72 and a 12-month high of $100.45.
DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, October 26th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.54. DTE Energy had a return on equity of 11.04% and a net margin of 7.98%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the company posted $1.40 EPS. DTE Energy’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts expect that DTE Energy will post $5.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, January 15th. Investors of record on Monday, December 19th were paid a dividend of $0.825 per share. This is an increase from DTE Energy’s previous quarterly dividend of $0.77. This represents a $3.30 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Thursday, December 15th. DTE Energy’s dividend payout ratio is presently 72.69%.
In related news, VP Lisa A. Muschong sold 520 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $95.95, for a total transaction of $49,894.00. Following the completion of the transaction, the vice president now directly owns 2,466 shares in the company, valued at approximately $236,612.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Gerard M. Anderson sold 15,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $93.74, for a total value of $1,406,100.00. Following the completion of the transaction, the chairman now directly owns 90,000 shares of the company’s stock, valued at approximately $8,436,600. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vantage Investment Advisors LLC boosted its position in DTE Energy by 0.7% in the third quarter. Vantage Investment Advisors LLC now owns 1,293 shares of the company’s stock valued at $121,000 after buying an additional 9 shares during the last quarter. TLP Group LLC acquired a new position in DTE Energy during the third quarter valued at about $126,000. FineMark National Bank & Trust boosted its position in DTE Energy by 7.8% in the third quarter. FineMark National Bank & Trust now owns 1,386 shares of the company’s stock valued at $130,000 after buying an additional 100 shares during the last quarter. SRB Corp acquired a new position in DTE Energy during the third quarter valued at about $163,000. Finally, Tredje AP fonden acquired a new position in DTE Energy during the second quarter valued at about $171,000. 66.29% of the stock is owned by institutional investors.
DTE Energy Company Profile
DTE Energy Company (DTE Energy) is a diversified energy company. The Company’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.