Jefferies Group set a $103.00 price objective on DTE Energy Co. (NYSE:DTE) in a report published on Tuesday. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently issued reports on DTE. Macquarie boosted their price objective on shares of DTE Energy from $105.00 to $107.00 and gave the company an outperform rating in a report on Tuesday, September 27th. Zacks Investment Research downgraded shares of DTE Energy from a buy rating to a hold rating in a report on Monday, July 25th. Bank of America Corp. raised shares of DTE Energy from a neutral rating to a buy rating and set a $99.00 price target for the company in a report on Tuesday. KeyCorp set a $105.00 price target on shares of DTE Energy and gave the stock a buy rating in a report on Monday, September 12th. Finally, Barclays PLC reaffirmed a buy rating and set a $108.00 price target on shares of DTE Energy in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DTE Energy presently has an average rating of Buy and a consensus price target of $102.57.
Shares of DTE Energy (NYSE:DTE) opened at 92.66 on Tuesday. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 20.39 and a beta of 0.19. DTE Energy has a one year low of $77.35 and a one year high of $100.45. The company has a 50 day moving average of $92.86 and a 200-day moving average of $94.02.
DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.54. The firm earned $2.93 billion during the quarter, compared to the consensus estimate of $2.62 billion. DTE Energy had a net margin of 7.98% and a return on equity of 11.04%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS. On average, analysts expect that DTE Energy will post $5.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 15th. Investors of record on Monday, December 19th will be paid a $0.825 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $0.77. This represents a $3.30 annualized dividend and a yield of 3.56%. DTE Energy’s dividend payout ratio is presently 67.84%.
In related news, Chairman Gerard M. Anderson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $93.74, for a total value of $1,406,100.00. Following the completion of the transaction, the chairman now owns 90,000 shares of the company’s stock, valued at approximately $8,436,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.93% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Arizona State Retirement System boosted its position in shares of DTE Energy by 1.5% in the first quarter. Arizona State Retirement System now owns 68,126 shares of the company’s stock valued at $6,176,000 after buying an additional 1,000 shares during the period. Logan Capital Management Inc. acquired a new position in shares of DTE Energy during the first quarter valued at about $209,000. Euclid Advisors LLC boosted its position in shares of DTE Energy by 586.8% in the first quarter. Euclid Advisors LLC now owns 42,304 shares of the company’s stock valued at $3,835,000 after buying an additional 36,144 shares during the period. BlueMountain Capital Management LLC boosted its position in shares of DTE Energy by 120.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,990 shares of the company’s stock valued at $634,000 after buying an additional 3,825 shares during the period. Finally, Park National Corp OH acquired a new position in shares of DTE Energy during the second quarter valued at about $212,000. 66.02% of the stock is owned by institutional investors and hedge funds.
About DTE Energy