Deutsche Bank Reiterates Hold Rating for DTE Energy (DTE)
DTE Energy (NYSE:DTE)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Tuesday, Analyst Ratings News reports. They currently have a $72.00 price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 0.38% from the company’s current price.
A number of other firms have also recently commented on DTE. Analysts at Barclays raised their price target on shares of DTE Energy from $66.00 to $71.00 in a research note on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of DTE Energy from $70.00 to $74.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of DTE Energy from $68.75 to $72.00 in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $65.40.
Shares of DTE Energy (NYSE:DTE) traded up 0.53% during mid-day trading on Tuesday, hitting $72.11. The stock had a trading volume of 1,336,310 shares. DTE Energy has a 52 week low of $63.38 and a 52 week high of $73.32. The stock has a 50-day moving average of $66. and a 200-day moving average of $67.40. The company has a market cap of $12.770 billion and a P/E ratio of 19.08.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.95 by $0.25. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that DTE Energy will post $4.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, March 13th.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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