Analysts Set DTE Energy (NYSE:DTE) Price Target at $134.31

DTE Energy (NYSE:DTE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $134.31.

Several equities analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Wells Fargo & Company increased their price target on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Bank of America boosted their price objective on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in DTE Energy in the third quarter worth $30,000. Prospera Private Wealth LLC acquired a new position in shares of DTE Energy in the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new stake in shares of DTE Energy during the 3rd quarter valued at about $35,000. Ridgewood Investments LLC acquired a new stake in DTE Energy during the second quarter worth about $31,000. Finally, Coastline Trust Co bought a new position in DTE Energy in the third quarter worth about $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE Energy stock opened at $117.53 on Friday. The business’s fifty day moving average price is $123.40 and its 200 day moving average price is $120.66. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $24.34 billion, a P/E ratio of 15.93, a PEG ratio of 2.23 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 annualized dividend and a yield of 3.71%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend 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.