Barclays Boosts DTE Energy (NYSE:DTE) Price Target to $115.00

DTE Energy (NYSE:DTE) had its price objective upped by Barclays from $112.00 to $115.00 in a report issued on Monday morning, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

DTE has been the subject of a number of other research reports. KeyCorp lifted their price target on shares of DTE Energy from $106.00 to $117.00 and gave the stock an overweight rating in a research note on Thursday, January 4th. TheStreet raised shares of DTE Energy from a c+ rating to a b- rating in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their target price on DTE Energy from $118.00 to $120.00 and gave the company a neutral rating in a report on Wednesday, March 13th. BMO Capital Markets decreased their price target on DTE Energy from $113.00 to $111.00 and set a market perform rating for the company in a report on Monday, February 12th. Finally, Guggenheim downgraded DTE Energy from a buy rating to a neutral rating and set a $111.00 price objective on the stock. in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $114.56.

DTE Energy Stock Up 2.0 %

Shares of NYSE DTE opened at $105.27 on Monday. The stock has a market cap of $21.78 billion, a P/E ratio of 15.57, a PEG ratio of 2.62 and a beta of 0.64. The business’s fifty day simple moving average is $108.61 and its 200-day simple moving average is $105.55. DTE Energy has a 12-month low of $90.14 and a 12-month high of $116.73. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.01. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. During the same quarter last year, the company earned $1.31 EPS. As a group, equities analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.88%. DTE Energy’s dividend payout ratio (DPR) is presently 60.36%.

Insiders Place Their Bets

In other news, COO Robert A. Richard sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the completion of the sale, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Robert A. Richard sold 4,800 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total value of $514,800.00. Following the completion of the sale, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the sale, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The disclosure for this sale can be found here. Insiders have sold a total of 20,095 shares of company stock valued at $2,168,183 over the last quarter. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DTE. PBMares Wealth Management LLC raised its stake in shares of DTE Energy by 4.5% during the 4th quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock worth $254,000 after buying an additional 100 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of DTE Energy by 17.0% in the third quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 102 shares in the last quarter. Brinker Capital Investments LLC grew its position in shares of DTE Energy by 4.6% in the first quarter. Brinker Capital Investments LLC now owns 2,392 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 106 shares during the last quarter. Telemus Capital LLC increased its stake in shares of DTE Energy by 3.1% during the 3rd quarter. Telemus Capital LLC now owns 3,709 shares of the utilities provider’s stock worth $368,000 after purchasing an additional 111 shares in the last quarter. Finally, ASB Consultores LLC raised its position in shares of DTE Energy by 5.6% during the 3rd quarter. ASB Consultores LLC now owns 2,135 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 76.06% 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 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.