Shares of DTE Energy Co (NYSE:DTE) have been assigned an average rating of “Buy” from the nine ratings firms that are presently covering the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $102.57.
Several research firms recently commented on DTE. Jefferies Group LLC set a $109.00 price objective on shares of DTE Energy and gave the stock a “buy” rating in a report on Saturday, February 11th. Credit Suisse Group AG began coverage on shares of DTE Energy in a report on Wednesday, January 25th. They issued a “neutral” rating and a $102.00 price objective for the company. Barclays PLC raised their price objective on shares of DTE Energy from $101.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, January 20th. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Finally, Bank of America Corp raised shares of DTE Energy from a “neutral” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Tuesday, November 22nd.
In other DTE Energy news, Chairman Gerard M. Anderson sold 17,000 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $98.19, for a total value of $1,669,230.00. Following the completion of the transaction, the chairman now directly owns 93,000 shares of the company’s stock, valued at approximately $9,131,670. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Thomas purchased 673 shares of the business’s stock in a transaction on Monday, February 13th. The stock was purchased at an average cost of $98.02 per share, with a total value of $65,967.46. Following the completion of the acquisition, the director now owns 1,673 shares in the company, valued at $163,987.46. The disclosure for this purchase can be found here. Over the last three months, insiders sold 28,771 shares of company stock valued at $2,830,814. Insiders own 0.93% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in DTE. Atria Investments LLC increased its position in shares of DTE Energy by 2.8% in the third quarter. Atria Investments LLC now owns 19,529 shares of the company’s stock valued at $1,829,000 after buying an additional 534 shares during the last quarter. Legacy Private Trust Co. increased its position in shares of DTE Energy by 0.5% in the third quarter. Legacy Private Trust Co. now owns 33,290 shares of the company’s stock valued at $3,119,000 after buying an additional 170 shares during the last quarter. Pensionfund Sabic purchased a new position in shares of DTE Energy during the third quarter valued at approximately $1,686,000. Pensionfund DSM Netherlands purchased a new position in shares of DTE Energy during the third quarter valued at approximately $3,747,000. Finally, British Columbia Investment Management Corp increased its position in shares of DTE Energy by 10.1% in the third quarter. British Columbia Investment Management Corp now owns 69,284 shares of the company’s stock valued at $6,490,000 after buying an additional 6,335 shares during the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.
DTE Energy (NYSE:DTE) opened at 100.23 on Thursday. The firm has a market capitalization of $17.98 billion, a P/E ratio of 20.75 and a beta of 0.20. The stock’s 50 day moving average is $99.50 and its 200 day moving average is $96.11. DTE Energy has a one year low of $84.77 and a one year high of $102.96.
DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 9th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The business earned $2.87 billion during the quarter, compared to the consensus estimate of $2.92 billion. DTE Energy had a return on equity of 10.44% and a net margin of 8.17%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. On average, equities research analysts predict that DTE Energy will post $5.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Monday, March 20th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, March 16th. DTE Energy’s payout ratio is 68.46%.
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