DTE Energy (NYSE:DTE) Receives $134.31 Consensus Target Price from Brokerages

Shares of DTE Energy (NYSE:DTE) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $134.31.

Several research firms have recently issued reports on DTE. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Jefferies Financial Group began coverage on shares of DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. Barclays upped their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets increased their price target on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th.

Hedge Funds Weigh In On DTE Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in shares of DTE Energy by 2.3% in the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after buying an additional 81 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of DTE Energy by 3.1% in the third quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after buying an additional 86 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of DTE Energy by 4.0% in the third quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares in the last quarter. ASB Consultores LLC lifted its holdings in shares of DTE Energy by 4.9% in the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after buying an additional 101 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in shares of DTE Energy by 2.1% in the third quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock worth $685,000 after buying an additional 110 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $119.41 on Wednesday. DTE Energy has a 1 year low of $102.17 and a 1 year high of $131.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.23 and a beta of 0.68. The company has a fifty day moving average price of $121.21 and a 200-day moving average price of $121.78.

DTE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

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.