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

DTE Energy (NYSE:DTE) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $134.31.

Several equities analysts recently commented on DTE shares. Barclays upped their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Bank of America lifted their target price on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.

DTE Energy Stock Up 1.8 %

DTE opened at $120.18 on Friday. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The company’s 50-day moving average price is $123.19 and its two-hundred day moving average price is $120.67. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.23 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.63%. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DTE. Diversified Trust Co purchased a new stake in shares of DTE Energy in the 2nd quarter valued at about $279,000. Wealth Enhancement Advisory Services LLC raised its stake in DTE Energy by 23.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,263 shares of the utilities provider’s stock valued at $1,916,000 after purchasing an additional 3,273 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in DTE Energy by 4.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,014 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 222 shares during the last quarter. Blue Trust Inc. grew its stake in DTE Energy by 9.7% in the 2nd quarter. Blue Trust Inc. now owns 1,995 shares of the utilities provider’s stock worth $224,000 after buying an additional 176 shares in the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of DTE Energy by 91.0% in the 2nd quarter. Gradient Investments LLC now owns 1,333 shares of the utilities provider’s stock worth $148,000 after buying an additional 635 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

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.