Mizuho Increases DTE Energy (NYSE:DTE) Price Target to $122.00

DTE Energy (NYSE:DTEGet Rating) had its price target hoisted by Mizuho from $115.00 to $122.00 in a research report sent to investors on Monday, The Fly reports. The brokerage currently has a buy rating on the utilities provider’s stock.

DTE has been the subject of a number of other reports. TheStreet lowered shares of DTE Energy from a b rating to a c+ rating in a report on Thursday, October 6th. Wells Fargo & Company cut their price objective on shares of DTE Energy from $147.00 to $128.00 and set an overweight rating for the company in a report on Wednesday, October 19th. Guggenheim cut their price objective on shares of DTE Energy from $145.00 to $122.00 in a report on Monday, October 24th. Credit Suisse Group increased their price objective on shares of DTE Energy to $140.00 in a report on Tuesday, August 9th. Finally, Morgan Stanley raised their target price on shares of DTE Energy from $115.00 to $123.00 and gave the company an overweight rating in a report on Friday, November 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, DTE Energy presently has an average rating of Moderate Buy and an average price target of $129.00.

DTE Energy Trading Up 0.7 %

DTE Energy stock opened at $114.49 on Monday. The firm has a 50 day moving average of $114.37 and a 200 day moving average of $123.85. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 3.15 and a beta of 0.60. DTE Energy has a 12-month low of $100.64 and a 12-month high of $140.23. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 1.94.

DTE Energy (NYSE:DTEGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The utilities provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. DTE Energy had a net margin of 5.79% and a return on equity of 12.90%. During the same quarter last year, the company posted $1.72 earnings per share. As a group, research analysts predict that DTE Energy will post 6.02 earnings per share for the current year.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 15th. Investors of record on Monday, December 19th will be given a $0.952 dividend. The ex-dividend date of this dividend is Friday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $0.89. This represents a $3.81 dividend on an annualized basis and a yield of 3.33%. DTE Energy’s dividend payout ratio (DPR) is currently 61.25%.

Institutional Trading of DTE Energy

A number of institutional investors have recently bought and sold shares of DTE. Atria Investments LLC lifted its position in DTE Energy by 2.7% in the first quarter. Atria Investments LLC now owns 10,840 shares of the utilities provider’s stock worth $1,433,000 after buying an additional 282 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of DTE Energy by 1.0% during the first quarter. Mutual of America Capital Management LLC now owns 29,276 shares of the utilities provider’s stock worth $3,871,000 after purchasing an additional 279 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of DTE Energy by 6.9% during the first quarter. State of New Jersey Common Pension Fund D now owns 102,722 shares of the utilities provider’s stock worth $13,581,000 after purchasing an additional 6,603 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of DTE Energy by 81.1% during the first quarter. Metis Global Partners LLC now owns 3,067 shares of the utilities provider’s stock worth $406,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its position in shares of DTE Energy by 5.0% during the first quarter. Venture Visionary Partners LLC now owns 4,280 shares of the utilities provider’s stock worth $565,000 after purchasing an additional 205 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

About DTE Energy

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DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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