DTE Energy Stock Rating Upgraded by Edward Jones (DTE)
DTE Energy (NYSE:DTE) was upgraded by Edward Jones from a “hold” rating to a “buy” rating in a research note issued on Thursday, AmericanBankingNews.com reports.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of DTE Energy from $72.00 to $66.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of DTE Energy in a research note to investors on Wednesday, December 11th. They now have a $72.00 price target on the stock, up previously from $71.00. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $63.89.
DTE Energy (NYSE:DTE) traded up 0.89% during mid-day trading on Thursday, hitting $65.68. The stock had a trading volume of 1,135,255 shares. DTE Energy has a 1-year low of $60.81 and a 1-year high of $73.32. The stock has a 50-day moving average of $66.52 and a 200-day moving average of $67.57. The company has a market cap of $11.612 billion and a P/E ratio of 18.32.
DTE Energy (NYSE:DTE) last announced its earnings results on Friday, October 25th. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.24 by $0.11. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that DTE Energy will post $4.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of 0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, December 12th.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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