DTE Energy Company (NYSE:DTE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of DTE Energy Company (NYSE:DTE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $147.6923.

A number of research analysts recently issued reports on the company. BMO Capital Markets decreased their target price on DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. Scotiabank decreased their price objective on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Wells Fargo & Company cut their target price on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Mizuho lifted their price target on shares of DTE Energy from $140.00 to $144.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group boosted their price target on shares of DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in DTE Energy by 4.2% in the second quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock valued at $3,439,307,000 after purchasing an additional 1,042,589 shares during the last quarter. Cohen & Steers Inc. purchased a new stake in shares of DTE Energy during the 4th quarter worth approximately $125,604,000. Millennium Management LLC boosted its holdings in shares of DTE Energy by 810.6% in the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after buying an additional 742,056 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after buying an additional 648,007 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in DTE Energy by 12.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after acquiring an additional 602,602 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

DTE Energy stock opened at $144.87 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. DTE Energy has a 52-week low of $123.69 and a 52-week high of $145.41. The firm has a market cap of $30.09 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. The company’s 50 day moving average is $132.87 and its two-hundred day moving average is $136.17.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio is 69.97%.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.