DTE Energy (NYSE:DTE) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of DTE Energy (NYSE:DTE) in a research report sent to investors on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $131.00 target price on the utilities provider’s stock.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of DTE Energy from $125.00 to $133.00 and gave the stock an overweight rating in a report on Friday, July 26th. Barclays raised their price objective on DTE Energy from $123.00 to $128.00 and gave the stock an overweight rating in a research note on Tuesday, July 30th. Scotiabank cut their target price on DTE Energy from $129.00 to $120.00 and set a sector outperform rating on the stock in a research report on Monday, April 22nd. KeyCorp increased their price target on DTE Energy from $117.00 to $125.00 and gave the company an overweight rating in a research report on Monday, May 20th. Finally, StockNews.com raised DTE Energy from a sell rating to a hold rating in a research note on Sunday, August 11th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, DTE Energy currently has an average rating of Moderate Buy and an average target price of $120.36.

DTE Energy Stock Down 0.1 %

DTE opened at $121.89 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The company has a market capitalization of $25.22 billion, a PE ratio of 19.95, a P/E/G ratio of 2.27 and a beta of 0.66. The stock’s fifty day moving average is $115.04 and its 200-day moving average is $111.91. DTE Energy has a one year low of $90.14 and a one year high of $126.76.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the business earned $0.99 earnings per share. On average, equities analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th will be issued a $1.02 dividend. The ex-dividend date is Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.35%. DTE Energy’s dividend payout ratio is 66.78%.

Insider Buying and Selling

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

Institutional Trading of DTE Energy

Institutional investors have recently added to or reduced their stakes in the business. Grayhawk Investment Strategies Inc. bought a new stake in DTE Energy in the fourth quarter worth $1,305,000. Intech Investment Management LLC increased its holdings in shares of DTE Energy by 62.7% during the 4th quarter. Intech Investment Management LLC now owns 26,421 shares of the utilities provider’s stock valued at $2,913,000 after acquiring an additional 10,180 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of DTE Energy by 407.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after acquiring an additional 8,603 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in DTE Energy by 66.5% in the 4th quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock worth $3,261,000 after purchasing an additional 11,809 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in DTE Energy by 9.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock worth $13,934,000 after purchasing an additional 11,218 shares during the period. 76.06% of the stock is currently 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.