DTE Energy (NYSE:DTE) Upgraded at StockNews.com

StockNews.com upgraded shares of DTE Energy (NYSE:DTE) from a sell rating to a hold rating in a report published on Sunday.

Several other equities research analysts also recently weighed in on DTE. BMO Capital Markets boosted their target price on shares of DTE Energy from $120.00 to $123.00 and gave the stock a market perform rating in a research report on Monday, July 15th. KeyCorp boosted their target price on shares of DTE Energy from $117.00 to $125.00 and gave the company an overweight rating in a research note on Monday, May 20th. Morgan Stanley cut their target price on DTE Energy from $116.00 to $111.00 and set an overweight rating on the stock in a research note on Monday, June 24th. Barclays increased their price target on DTE Energy from $123.00 to $128.00 and gave the stock an overweight rating in a research note on Tuesday, July 30th. Finally, Scotiabank reduced their price objective on shares of DTE Energy from $129.00 to $120.00 and set a sector outperform rating for the company in a report on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $119.30.

DTE Energy Trading Down 0.2 %

Shares of NYSE DTE traded down $0.25 during midday trading on Friday, hitting $119.66. The stock had a trading volume of 72,236 shares, compared to its average volume of 1,089,762. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 1-year low of $90.14 and a 1-year high of $126.76. The company has a market capitalization of $24.76 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.27 and a beta of 0.66. The company has a fifty day moving average price of $114.35 and a 200 day moving average price of $111.35.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.22. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period in the prior year, the firm earned $0.99 EPS. On average, analysts predict that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio is presently 66.78%.

Insider Activity

In other news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the sale, the insider now owns 59,475 shares in the company, valued at $6,843,788.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other DTE Energy news, Vice Chairman Trevor F. Lauer sold 3,500 shares of DTE Energy stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the transaction, the insider now owns 59,475 shares of the company’s stock, valued at approximately $6,843,788.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mark W. Stiers sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total value of $1,160,000.00. Following the completion of the transaction, the chief operating officer now owns 41,921 shares in the company, valued at approximately $4,862,836. The disclosure for this sale can be found here. Insiders have sold 14,698 shares of company stock worth $1,702,444 over the last 90 days. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of DTE Energy by 6,964.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock valued at $284,623,000 after purchasing an additional 1,756,459 shares during the period. Boston Partners boosted its holdings in DTE Energy by 66.8% during the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock valued at $280,247,000 after acquiring an additional 1,018,212 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of DTE Energy in the fourth quarter valued at approximately $74,478,000. Finally, Capital Research Global Investors lifted its position in DTE Energy by 1.9% in the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock worth $2,308,076,000 after purchasing an additional 399,646 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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.