DTE Energy Co (DTE) Given Consensus Recommendation of “Hold” by Brokerages

DTE Energy Co (NYSE:DTE) has earned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $113.50.

A number of research firms have issued reports on DTE. KeyCorp restated a “buy” rating and issued a $118.50 target price on shares of DTE Energy in a report on Friday, December 15th. Bank of America began coverage on shares of DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price objective on the stock. Credit Suisse Group cut their price objective on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. Guggenheim reiterated a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Friday, January 5th.

DTE Energy (DTE) opened at $98.49 on Friday. The stock has a market cap of $17,808.07, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.15. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. DTE Energy has a 1-year low of $96.56 and a 1-year high of $116.74.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.8825 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.53 annualized dividend and a dividend yield of 3.58%. DTE Energy’s payout ratio is currently 64.65%.

In other news, Chairman Gerard M. Anderson sold 12,389 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the transaction, the chairman now directly owns 83,000 shares in the company, valued at approximately $9,373,190. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Several hedge funds have recently made changes to their positions in DTE. Spectrum Management Group Inc. acquired a new stake in DTE Energy during the 3rd quarter worth approximately $111,000. SeaCrest Wealth Management LLC acquired a new stake in DTE Energy during the 4th quarter worth approximately $138,000. Lenox Wealth Advisors Inc. acquired a new stake in DTE Energy during the 4th quarter worth approximately $190,000. Capital One National Association acquired a new stake in DTE Energy during the 4th quarter worth approximately $201,000. Finally, Pinnacle Advisory Group Inc. acquired a new stake in DTE Energy during the 3rd quarter worth approximately $200,000. Institutional investors and hedge funds own 68.16% of the company’s stock.

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DTE Energy Company Profile

DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.

Analyst Recommendations for DTE Energy (NYSE:DTE)

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