DTE Energy (NYSE:DTE) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a report published on Thursday morning.

A number of other equities analysts have also weighed in on the stock. Barclays upped their price target on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wells Fargo & Company upped their price target 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. Scotiabank boosted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group assumed coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus target price of $134.31.

DTE Energy Stock Performance

DTE opened at $123.69 on Thursday. The firm has a market cap of $25.62 billion, a P/E ratio of 16.76, a PEG ratio of 2.05 and a beta of 0.68. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a 50 day simple moving average of $121.43 and a two-hundred day simple moving average of $121.88. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a dividend of $1.09 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.53%. DTE Energy’s dividend payout ratio is presently 59.08%.

Institutional Investors Weigh In On DTE Energy

Hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in DTE Energy during the third quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy in the third quarter valued at $35,000. Prospera Private Wealth LLC purchased a new stake in shares of DTE Energy in the third quarter valued at $35,000. Versant Capital Management Inc raised its stake in shares of DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new stake in shares of DTE Energy in the third quarter valued at $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.