Macquarie set a $123.00 price target on DTE Energy (NYSE:DTE) in a report published on Saturday morning. The brokerage currently has a buy rating on the utilities provider’s stock.

Other research analysts have also issued reports about the company. ValuEngine raised DTE Energy from a hold rating to a buy rating in a research report on Friday, December 21st. Zacks Investment Research raised DTE Energy from a hold rating to a buy rating and set a $127.00 target price on the stock in a research report on Thursday, January 24th. Goldman Sachs Group started coverage on DTE Energy in a research report on Wednesday, January 16th. They issued a buy rating and a $121.00 target price on the stock. Wolfe Research lowered DTE Energy from an outperform rating to a hold rating in a research report on Friday, October 26th. Finally, Wells Fargo & Co increased their target price on DTE Energy from $118.00 to $120.00 and gave the stock a market perform rating in a research report on Thursday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $117.25.

Shares of DTE Energy stock opened at $118.56 on Friday. DTE Energy has a fifty-two week low of $94.25 and a fifty-two week high of $121.00. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 3.19 and a beta of 0.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.55 and a current ratio of 0.73.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). DTE Energy had a return on equity of 10.85% and a net margin of 7.88%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the company earned $1.26 EPS. Analysts expect that DTE Energy will post 6.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 18th will be given a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, March 15th. DTE Energy’s dividend payout ratio (DPR) is currently 60.00%.

In other DTE Energy news, CAO Jeffrey A. Jewell sold 4,190 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $120.00, for a total value of $502,800.00. Following the transaction, the chief accounting officer now directly owns 11,738 shares of the company’s stock, valued at $1,408,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter B. Oleksiak sold 1,850 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $118.67, for a total value of $219,539.50. The disclosure for this sale can be found here. Insiders sold a total of 16,040 shares of company stock worth $1,919,640 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in DTE Energy by 1.6% in the third quarter. Vanguard Group Inc. now owns 19,856,235 shares of the utilities provider’s stock valued at $2,166,911,000 after purchasing an additional 311,679 shares during the period. Vanguard Group Inc raised its position in DTE Energy by 1.6% in the third quarter. Vanguard Group Inc now owns 19,856,235 shares of the utilities provider’s stock valued at $2,166,911,000 after purchasing an additional 311,679 shares during the period. Capital World Investors raised its position in DTE Energy by 17.0% in the third quarter. Capital World Investors now owns 16,272,144 shares of the utilities provider’s stock valued at $1,775,779,000 after purchasing an additional 2,367,000 shares during the period. BlackRock Inc. grew its stake in shares of DTE Energy by 3.9% during the fourth quarter. BlackRock Inc. now owns 15,212,035 shares of the utilities provider’s stock valued at $1,677,888,000 after acquiring an additional 577,066 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of DTE Energy by 17.8% during the third quarter. Renaissance Technologies LLC now owns 2,969,900 shares of the utilities provider’s stock valued at $324,105,000 after acquiring an additional 447,750 shares in the last quarter. 74.33% of the stock is currently owned by 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 approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Analyst Recommendations for DTE Energy (NYSE:DTE)

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