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

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

Several other brokerages have also commented on DTE. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Morgan Stanley dropped their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Scotiabank lifted their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Barclays increased their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.31.

DTE Energy Stock Performance

Shares of DTE Energy stock opened at $122.88 on Thursday. The firm has a market capitalization of $25.45 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.05 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The firm’s 50 day moving average is $121.19 and its two-hundred day moving average is $121.78.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in DTE Energy by 2.3% in the 3rd 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 in the last quarter. Signaturefd LLC lifted its holdings in shares of DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock valued at $371,000 after buying an additional 86 shares during the period. Tidal Investments LLC boosted its stake 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 buying an additional 96 shares in the last quarter. ASB Consultores LLC grew its holdings in DTE Energy by 4.9% during the second quarter. ASB Consultores LLC now owns 2,179 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 101 shares during the period. Finally, Centennial Wealth Advisory LLC lifted its holdings in DTE Energy by 2.1% in the third quarter. Centennial Wealth Advisory LLC now owns 5,338 shares of the utilities provider’s stock valued at $685,000 after acquiring an additional 110 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.