ValuEngine cut shares of DTE Energy (NYSE:DTE) from a buy rating to a hold rating in a research note published on Saturday morning, ValuEngine reports.

DTE has been the topic of a number of other reports. Barclays reiterated a hold rating and issued a $131.00 target price on shares of DTE Energy in a report on Thursday, June 20th. Bank of America cut their target price on DTE Energy from $124.00 to $122.00 and set an underperform rating on the stock in a report on Monday, June 3rd. Zacks Investment Research upgraded DTE Energy from a hold rating to a buy rating and set a $137.00 target price on the stock in a report on Tuesday, April 23rd. KeyCorp assumed coverage on DTE Energy in a report on Tuesday, June 4th. They issued an overweight rating and a $136.00 target price on the stock. Finally, UBS Group increased their target price on DTE Energy from $132.00 to $134.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $126.36.

Shares of DTE opened at $128.23 on Friday. DTE Energy has a 12-month low of $106.41 and a 12-month high of $132.09. The stock has a fifty day moving average price of $129.22. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29. The company has a market cap of $23.71 billion, a PE ratio of 20.35, a P/E/G ratio of 3.47 and a beta of 0.24.

DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.10). DTE Energy had a return on equity of 10.33% and a net margin of 8.09%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. Analysts anticipate that DTE Energy will post 6.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Friday, September 13th. DTE Energy’s dividend payout ratio (DPR) is presently 60.00%.

In other DTE Energy news, VP Lisa A. Muschong sold 237 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $128.86, for a total transaction of $30,539.82. Following the transaction, the vice president now directly owns 2,100 shares in the company, valued at approximately $270,606. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark W. Stiers sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $127.84, for a total value of $1,278,400.00. Following the transaction, the insider now owns 6,700 shares in the company, valued at $856,528. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Conning Inc. increased its position in shares of DTE Energy by 2.8% during the 1st quarter. Conning Inc. now owns 3,990 shares of the utilities provider’s stock valued at $498,000 after purchasing an additional 110 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of DTE Energy by 6.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 568,909 shares of the utilities provider’s stock valued at $70,966,000 after purchasing an additional 33,177 shares during the last quarter. Quantitative Systematic Strategies LLC increased its position in shares of DTE Energy by 2.8% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 43,391 shares of the utilities provider’s stock valued at $5,549,000 after purchasing an additional 1,191 shares during the last quarter. Toronto Dominion Bank increased its position in shares of DTE Energy by 17.6% during the 1st quarter. Toronto Dominion Bank now owns 118,233 shares of the utilities provider’s stock valued at $14,744,000 after purchasing an additional 17,713 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of DTE Energy by 17.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,293,401 shares of the utilities provider’s stock valued at $161,338,000 after purchasing an additional 194,255 shares during the last quarter. Institutional investors and hedge funds own 70.32% 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 approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Analyst Recommendations for DTE Energy (NYSE:DTE)

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