Brokerages Set DTE Energy (NYSE:DTE) PT at $136.25

DTE Energy (NYSE:DTE) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $136.25.

A number of brokerages have recently commented on DTE. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank boosted their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

Hedge Funds Weigh In On DTE Energy

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position 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 valued at $461,000 after purchasing an additional 81 shares during the period. SkyOak Wealth LLC raised its position in shares of DTE Energy by 4.1% in the fourth quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 85 shares during the period. Signaturefd LLC raised its position 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 valued at $371,000 after purchasing an additional 86 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of DTE Energy by 4.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,139 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 92 shares during the period. Finally, Tidal Investments LLC raised its position 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 valued at $320,000 after purchasing an additional 96 shares during the period. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Performance

Shares of DTE opened at $122.54 on Friday. The firm’s 50 day moving average price is $121.04 and its two-hundred day moving average price is $122.72. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market cap of $25.38 billion, a P/E ratio of 16.60, a PEG ratio of 2.20 and a beta of 0.68. DTE Energy has a twelve month low of $102.78 and a twelve month high of $131.66.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.56%. DTE Energy’s payout ratio is presently 59.08%.

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.