DTE Energy (NYSE:DTE) Price Target Raised to $119.00 at Barclays

DTE Energy (NYSE:DTE) had its target price hoisted by Barclays from $115.00 to $119.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Several other research analysts have also issued reports on DTE. Wolfe Research lowered DTE Energy from an outperform rating to a peer perform rating in a research report on Tuesday, January 16th. BMO Capital Markets raised their price target on DTE Energy from $111.00 to $113.00 and gave the stock a market perform rating in a research report on Wednesday, April 17th. Guggenheim lowered DTE Energy from a buy rating to a neutral rating and set a $111.00 price target on the stock. in a research report on Monday, January 22nd. KeyCorp raised their price target on DTE Energy from $106.00 to $117.00 and gave the stock an overweight rating in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. raised their price target on DTE Energy from $118.00 to $120.00 and gave the stock a neutral rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DTE Energy currently has an average rating of Moderate Buy and an average target price of $115.50.

DTE Energy Stock Down 0.5 %

Shares of DTE opened at $110.32 on Tuesday. The firm has a market capitalization of $22.83 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.73 and a beta of 0.64. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75. The business’s fifty day moving average price is $109.26 and its two-hundred day moving average price is $106.46. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. On average, analysts predict that DTE Energy will post 6.69 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, March 15th. DTE Energy’s dividend payout ratio is 66.78%.

Insider Buying and Selling at DTE Energy

In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total transaction of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares in the company, valued at $1,819,869.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The disclosure for this sale can be found here. Insiders have sold 20,095 shares of company stock valued at $2,168,183 in the last 90 days. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in shares of DTE Energy by 42.3% during the first quarter. Private Advisor Group LLC now owns 16,342 shares of the utilities provider’s stock worth $1,833,000 after acquiring an additional 4,856 shares during the period. Retirement Systems of Alabama boosted its stake in shares of DTE Energy by 0.3% in the first quarter. Retirement Systems of Alabama now owns 45,568 shares of the utilities provider’s stock valued at $5,110,000 after buying an additional 127 shares during the period. Perigon Wealth Management LLC raised its position in DTE Energy by 16.5% during the first quarter. Perigon Wealth Management LLC now owns 9,447 shares of the utilities provider’s stock valued at $1,059,000 after purchasing an additional 1,335 shares in the last quarter. Principal Financial Group Inc. raised its position in DTE Energy by 1.5% during the first quarter. Principal Financial Group Inc. now owns 254,477 shares of the utilities provider’s stock valued at $28,537,000 after purchasing an additional 3,736 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in DTE Energy during the first quarter valued at approximately $162,000. Institutional investors own 76.06% 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 various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.