DTE Energy (NYSE:DTE) Stock Rating Upgraded by Guggenheim

Guggenheim upgraded shares of DTE Energy (NYSE:DTE) from a neutral rating to a buy rating in a research note published on Thursday morning, MarketBeat Ratings reports.

Several other research analysts have also issued reports on DTE. Scotiabank raised their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price target on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, StockNews.com cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Trading Down 0.6 %

Shares of NYSE DTE opened at $119.51 on Thursday. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average of $121.61 and a two-hundred day moving average of $122.25. The company has a market cap of $24.75 billion, a PE ratio of 16.19, a P/E/G ratio of 2.14 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were paid a $1.09 dividend. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.65%. DTE Energy’s payout ratio is 59.08%.

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DTE. Nordea Investment Management AB raised its stake in DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after purchasing an additional 211,763 shares in the last quarter. Hancock Whitney Corp grew its holdings in shares of DTE Energy by 80.0% during the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after purchasing an additional 5,725 shares during the last quarter. Bank of Montreal Can lifted its stake in DTE Energy by 19.0% in the 2nd quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider’s stock valued at $30,220,000 after purchasing an additional 42,960 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of DTE Energy during the third quarter worth $650,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of DTE Energy during the third quarter worth $583,000. Institutional investors and hedge funds 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.