DTE Energy (NYSE:DTE) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of DTE Energy (NYSE:DTE) from a sell rating to a hold rating in a research note issued to investors on Friday.

A number of other research analysts have also recently weighed in on the stock. Barclays lifted their price objective on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Wells Fargo & Company upped their price target on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday. BMO Capital Markets upped their target price on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Price Performance

Shares of NYSE DTE opened at $119.07 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.07 and a beta of 0.68. The firm’s 50 day simple moving average is $121.61 and its 200-day simple moving average is $122.23. DTE Energy has a 12 month low of $102.50 and a 12 month high of $131.66.

DTE Energy Increases Dividend

The firm also recently disclosed 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 represents a $4.36 annualized dividend and a yield of 3.66%. 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 is currently 59.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of DTE Energy by 2.3% during the third quarter. Farther Finance Advisors LLC now owns 3,588 shares of the utilities provider’s stock worth $461,000 after acquiring an additional 81 shares during the period. SkyOak Wealth LLC grew its stake in DTE Energy by 4.1% during the 4th quarter. SkyOak Wealth LLC now owns 2,174 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 85 shares in the last quarter. Signaturefd LLC increased its holdings in DTE Energy by 3.1% during the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 86 shares during the period. Tidal Investments LLC increased its holdings in DTE Energy by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 96 shares during the period. Finally, Fifth Third Bancorp raised its position in DTE Energy by 1.4% in the 4th quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider’s stock valued at $899,000 after purchasing an additional 103 shares in the last quarter. 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.