DTE Energy (NYSE:DTE) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a report issued on Thursday.

A number of other equities research analysts also recently issued reports on DTE. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Scotiabank boosted their price objective on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

DTE Energy Stock Performance

Shares of DTE opened at $127.90 on Thursday. The company has a market capitalization of $26.49 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.25 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a 1 year low of $103.06 and a 1 year high of $131.66. The company’s 50 day simple moving average is $120.98 and its 200 day simple moving average is $122.94.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 13.42% and a net margin of 12.33%. On average, sell-side analysts predict that DTE Energy will post 6.77 EPS for the current year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Institutional Trading of DTE Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in DTE. CANADA LIFE ASSURANCE Co grew its holdings in DTE Energy by 4.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 104,067 shares of the utilities provider’s stock worth $12,562,000 after acquiring an additional 4,243 shares in the last quarter. Zacks Investment Management lifted its position in shares of DTE Energy by 18.8% during the fourth quarter. Zacks Investment Management now owns 2,308 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 365 shares during the last quarter. NewEdge Advisors LLC grew its stake in DTE Energy by 2.4% in the fourth quarter. NewEdge Advisors LLC now owns 324,966 shares of the utilities provider’s stock worth $39,240,000 after purchasing an additional 7,758 shares in the last quarter. Finward Bancorp bought a new stake in DTE Energy in the fourth quarter valued at about $724,000. Finally, United Capital Financial Advisors LLC raised its stake in DTE Energy by 8.5% during the fourth quarter. United Capital Financial Advisors LLC now owns 6,045 shares of the utilities provider’s stock valued at $730,000 after buying an additional 476 shares in 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.