Barclays Raises DTE Energy (NYSE:DTE) Price Target to $115.00

DTE Energy (NYSE:DTE) had its price target raised by Barclays from $112.00 to $115.00 in a research report report published on Monday, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

DTE has been the topic of several other research reports. KeyCorp lifted their target price on DTE Energy from $106.00 to $117.00 and gave the company an overweight rating in a research note on Thursday, January 4th. BMO Capital Markets reduced their price objective on shares of DTE Energy from $113.00 to $111.00 and set a market perform rating for the company in a research note on Monday, February 12th. TheStreet raised shares of DTE Energy from a c+ rating to a b- rating in a research report on Friday, March 15th. Guggenheim lowered shares of DTE Energy from a buy rating to a neutral rating and set a $111.00 price target on the stock. in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. increased their price objective on DTE Energy from $118.00 to $120.00 and gave the company a neutral rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $114.56.

DTE Energy Price Performance

Shares of DTE opened at $105.27 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 0.60. The company has a 50 day moving average price of $108.61 and a 200-day moving average price of $105.55. DTE Energy has a fifty-two week low of $90.14 and a fifty-two week high of $116.73. The stock has a market capitalization of $21.78 billion, a PE ratio of 15.57, a PEG ratio of 2.62 and a beta of 0.64.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.01. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same quarter in the prior year, the business earned $1.31 earnings per share. Equities analysts predict that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Friday, March 15th. DTE Energy’s dividend payout ratio is presently 60.36%.

Insider Transactions at DTE Energy

In related news, CAO Tracy J. Myrick sold 600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the transaction, the chief accounting officer now owns 3,462 shares in the company, valued at approximately $370,572.48. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Joann Chavez sold 6,070 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.19, for a total value of $662,783.30. Following the completion of the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares in the company, valued at approximately $370,572.48. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 over the last three months. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of DTE Energy by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock valued at $3,044,624,000 after purchasing an additional 1,420,586 shares in the last quarter. Capital Research Global Investors increased its holdings in DTE Energy by 1.9% in the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock valued at $2,308,076,000 after buying an additional 399,646 shares in the last quarter. State Street Corp raised its position in shares of DTE Energy by 2.6% in the first quarter. State Street Corp now owns 9,707,687 shares of the utilities provider’s stock worth $1,291,854,000 after acquiring an additional 245,923 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of DTE Energy by 16.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock worth $509,081,000 after acquiring an additional 724,561 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of DTE Energy by 0.7% during the 4th quarter. Neuberger Berman Group LLC now owns 4,699,876 shares of the utilities provider’s stock valued at $518,219,000 after acquiring an additional 32,450 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.