DTE Energy (NYSE:DTE) Price Target Raised to $128.00

DTE Energy (NYSE:DTE) had its price target hoisted by Barclays from $123.00 to $128.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com upgraded DTE Energy from a sell rating to a hold rating in a research note on Friday, July 26th. KeyCorp lifted their target price on DTE Energy from $117.00 to $125.00 and gave the stock an overweight rating in a report on Monday, May 20th. Scotiabank dropped their target price on DTE Energy from $129.00 to $120.00 and set a sector outperform rating for the company in a report on Monday, April 22nd. BMO Capital Markets lifted their target price on DTE Energy from $120.00 to $123.00 and gave the stock a market perform rating in a report on Monday, July 15th. Finally, Wells Fargo & Company lifted their target price on DTE Energy from $125.00 to $133.00 and gave the stock an overweight rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $119.30.

DTE Energy Stock Down 0.2 %

DTE opened at $123.17 on Tuesday. DTE Energy has a 1-year low of $90.14 and a 1-year high of $126.76. The stock’s fifty day simple moving average is $113.72 and its 200 day simple moving average is $110.74. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market cap of $25.49 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, research analysts expect that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.78%.

Insider Activity at DTE Energy

In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the transaction, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total value of $402,745.00. Following the completion of the transaction, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Lisa A. Muschong sold 1,198 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $116.61, for a total value of $139,698.78. Following the completion of the transaction, the vice president now directly owns 4,271 shares of the company’s stock, valued at approximately $498,041.31. The disclosure for this sale can be found here. Insiders sold a total of 14,698 shares of company stock valued at $1,702,444 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aptus Capital Advisors LLC grew its position in DTE Energy by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 2,632 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 94 shares during the last quarter. PBMares Wealth Management LLC grew its position in DTE Energy by 4.5% in the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 100 shares during the last quarter. Center for Financial Planning Inc. grew its position in DTE Energy by 2.2% in the first quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock valued at $558,000 after acquiring an additional 105 shares during the last quarter. TIAA Trust National Association grew its position in DTE Energy by 2.9% in the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock valued at $423,000 after acquiring an additional 106 shares during the last quarter. Finally, S.A. Mason LLC grew its position in DTE Energy by 10.5% in the second quarter. S.A. Mason LLC now owns 1,120 shares of the utilities provider’s stock valued at $124,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

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.