DTE Energy (NYSE:DTE) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research note released on Thursday.

Other research analysts have also recently issued reports about the stock. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Morgan Stanley decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. BMO Capital Markets lifted their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Barclays lifted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $134.31.

DTE Energy Trading Up 0.6 %

Shares of NYSE DTE opened at $123.69 on Thursday. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The stock has a market cap of $25.62 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68. The firm has a 50-day moving average of $121.43 and a 200 day moving average of $121.88. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.53%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 16th. DTE Energy’s payout ratio is presently 59.08%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Secure Asset Management LLC grew its position in DTE Energy by 3.6% during the fourth quarter. Secure Asset Management LLC now owns 3,824 shares of the utilities provider’s stock valued at $462,000 after buying an additional 132 shares during the period. Janney Montgomery Scott LLC grew its position in DTE Energy by 12.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 48,892 shares of the utilities provider’s stock valued at $5,904,000 after buying an additional 5,423 shares during the period. SG Americas Securities LLC grew its position in DTE Energy by 1,585.8% during the fourth quarter. SG Americas Securities LLC now owns 170,638 shares of the utilities provider’s stock valued at $20,605,000 after buying an additional 160,516 shares during the period. Advisory Alpha LLC grew its position in DTE Energy by 5.8% during the fourth quarter. Advisory Alpha LLC now owns 2,475 shares of the utilities provider’s stock valued at $299,000 after buying an additional 135 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in DTE Energy by 9.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 53,019 shares of the utilities provider’s stock valued at $6,460,000 after buying an additional 4,425 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company Profile

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.