ValuEngine upgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a buy rating in a research note issued to investors on Monday, February 4th.
A number of other equities analysts also recently weighed in on DTE. Citigroup boosted their price target on DTE Energy from $110.00 to $118.00 and gave the stock a neutral rating in a research report on Monday, December 10th. Wells Fargo & Co boosted their price target on DTE Energy from $118.00 to $120.00 and gave the stock a market perform rating in a research report on Thursday, October 25th. Credit Suisse Group downgraded DTE Energy from a neutral rating to an underperform rating and boosted their price target for the stock from $109.00 to $111.00 in a research report on Thursday, October 25th. Goldman Sachs Group began coverage on DTE Energy in a research report on Wednesday, January 16th. They issued a buy rating and a $121.00 target price on the stock. Finally, Wolfe Research downgraded DTE Energy from an outperform rating to a hold rating in a research report on Friday, October 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $117.42.
DTE opened at $122.90 on Monday. DTE Energy has a 52-week low of $94.25 and a 52-week high of $123.84. The stock has a market cap of $22.51 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.34 and a beta of 0.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.55 and a current ratio of 0.73.
DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). DTE Energy had a return on equity of 10.85% and a net margin of 7.88%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $1.26 EPS. Equities research analysts predict that DTE Energy will post 6.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 18th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, March 15th. DTE Energy’s payout ratio is presently 60.00%.
In other news, insider Trevor F. Lauer sold 1,700 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $122.44, for a total value of $208,148.00. Following the completion of the transaction, the insider now directly owns 19,427 shares in the company, valued at approximately $2,378,641.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gerard M. Anderson sold 11,000 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $119.39, for a total value of $1,313,290.00. Following the completion of the transaction, the chairman now owns 79,906 shares of the company’s stock, valued at $9,539,977.34. The disclosure for this sale can be found here. Insiders have sold 15,316 shares of company stock valued at $1,834,835 over the last 90 days. Corporate insiders own 0.59% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in DTE Energy by 1.6% in the third quarter. Vanguard Group Inc. now owns 19,856,235 shares of the utilities provider’s stock valued at $2,166,911,000 after purchasing an additional 311,679 shares during the period. Vanguard Group Inc grew its holdings in DTE Energy by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 19,856,235 shares of the utilities provider’s stock worth $2,166,911,000 after acquiring an additional 311,679 shares during the period. Capital World Investors grew its holdings in DTE Energy by 17.0% during the 3rd quarter. Capital World Investors now owns 16,272,144 shares of the utilities provider’s stock worth $1,775,779,000 after acquiring an additional 2,367,000 shares during the period. BlackRock Inc. grew its holdings in DTE Energy by 3.9% during the 4th quarter. BlackRock Inc. now owns 15,212,035 shares of the utilities provider’s stock worth $1,677,888,000 after acquiring an additional 577,066 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in DTE Energy by 17.8% during the 3rd quarter. Renaissance Technologies LLC now owns 2,969,900 shares of the utilities provider’s stock worth $324,105,000 after acquiring an additional 447,750 shares during the period. Institutional investors and hedge funds own 73.88% of the company’s stock.
About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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