DTE Energy Co. (DTE) Given a $103.00 Price Target at Jefferies Group
A number of other equities analysts have also recently issued reports on the stock. Bank of America Corp. raised shares of DTE Energy from a neutral rating to a buy rating in a research note on Tuesday. Zacks Investment Research raised shares of DTE Energy from a hold rating to a buy rating and set a $106.00 price objective on the stock in a research note on Wednesday, September 28th. Macquarie lifted their price target on shares of DTE Energy from $105.00 to $107.00 and gave the stock an outperform rating in a research report on Tuesday, September 27th. KeyCorp set a $105.00 price target on shares of DTE Energy and gave the stock a buy rating in a research report on Monday, September 12th. Finally, Barclays PLC reissued a buy rating and set a $108.00 price target on shares of DTE Energy in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DTE Energy currently has an average rating of Buy and an average price target of $103.17.
DTE Energy (NYSE:DTE) traded down 0.34% during trading on Tuesday, hitting $93.51. 61,939 shares of the stock were exchanged. The firm has a market capitalization of $16.78 billion, a PE ratio of 20.58 and a beta of 0.19. The stock has a 50 day moving average price of $92.82 and a 200-day moving average price of $94.03. DTE Energy has a 12-month low of $77.35 and a 12-month high of $100.45.
DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.54. DTE Energy had a net margin of 7.98% and a return on equity of 11.04%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm earned $1.40 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts anticipate that DTE Energy will post $5.28 earnings per share for the current fiscal 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 issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.52%. This is a positive change from DTE Energy’s previous quarterly dividend of $0.77. DTE Energy’s dividend payout ratio (DPR) is presently 67.84%.
In other DTE Energy news, Chairman Gerard M. Anderson sold 15,000 shares of DTE Energy stock in a transaction 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 sale, the chairman now directly owns 90,000 shares in the company, valued at approximately $8,436,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.93% of the company’s stock.
Large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in shares of DTE Energy by 0.3% in the second quarter. Advisory Services Network LLC now owns 3,239 shares of the company’s stock valued at $321,000 after buying an additional 9 shares during the last quarter. Vantage Investment Advisors LLC raised its stake in shares of DTE Energy by 0.7% in the third quarter. Vantage Investment Advisors LLC now owns 1,293 shares of the company’s stock valued at $121,000 after buying an additional 9 shares during the last quarter. Capital One National Association raised its stake in shares of DTE Energy by 0.5% in the third quarter. Capital One National Association now owns 2,161 shares of the company’s stock valued at $203,000 after buying an additional 11 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of DTE Energy by 0.4% in the third quarter. Raymond James Trust N.A. now owns 4,126 shares of the company’s stock valued at $387,000 after buying an additional 18 shares during the last quarter. Finally, Peddock Capital Advisors LLC raised its stake in shares of DTE Energy by 0.7% in the second quarter. Peddock Capital Advisors LLC now owns 4,723 shares of the company’s stock valued at $468,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 66.02% of the company’s stock.
DTE Energy Company Profile
DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.
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