DTE Energy (NYSE:DTE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DTE Energy (NYSE:DTE) from a sell rating to a hold rating in a report released on Saturday.

Several other brokerages have also recently commented on DTE. Barclays increased their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Citigroup reaffirmed a “buy” rating and set a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. JPMorgan Chase & Co. increased their price target on shares of DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Morgan Stanley set a $140.00 price target on shares of DTE Energy and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets increased their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.38.

DTE Energy Stock Performance

Shares of DTE stock opened at $134.66 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.57 and a current ratio of 0.94. DTE Energy has a one year low of $115.59 and a one year high of $142.05. The company’s 50-day simple moving average is $136.82 and its 200-day simple moving average is $135.12. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.71 and a beta of 0.42.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $1.09 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.36 annualized dividend and a dividend yield of 3.2%. DTE Energy’s dividend payout ratio (DPR) is presently 62.73%.

Insider Activity at DTE Energy

In other DTE Energy news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the sale, the vice president owned 4,153 shares in the company, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On DTE Energy

Several large investors have recently made changes to their positions in DTE. GAMMA Investing LLC increased its stake in shares of DTE Energy by 14,878.4% in the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider’s stock valued at $163,655,000 after purchasing an additional 1,175,689 shares during the period. Vanguard Group Inc. increased its stake in shares of DTE Energy by 4.2% in the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after purchasing an additional 1,042,589 shares during the period. Raymond James Financial Inc. increased its stake in shares of DTE Energy by 176.5% in the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of DTE Energy by 65.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock valued at $223,019,000 after purchasing an additional 637,378 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of DTE Energy by 57.4% in the first quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock valued at $194,341,000 after purchasing an additional 512,567 shares during the period. Institutional investors and hedge funds 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.