Guggenheim reiterated their buy rating on shares of DTE Energy (NYSE:DTE) in a research note published on Wednesday morning. Guggenheim currently has a $121.00 price objective on the utilities provider’s stock.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group decreased their price objective on shares of DTE Energy from $113.00 to $112.00 and set a neutral rating for the company in a research note on Thursday, October 26th. KeyCorp reaffirmed a buy rating and issued a $118.50 price objective on shares of DTE Energy in a research note on Friday, December 15th. Finally, Bank of America started coverage on shares of DTE Energy in a research note on Tuesday, October 24th. They issued an underperform rating and a $112.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. DTE Energy has an average rating of Hold and a consensus price target of $113.17.
DTE Energy (DTE) traded down $0.10 during trading on Wednesday, reaching $106.20. 1,230,022 shares of the company’s stock traded hands, compared to its average volume of 928,824. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08. The firm has a market capitalization of $19,050.00, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 3.09 and a beta of 0.23. DTE Energy has a 12-month low of $96.56 and a 12-month high of $116.74.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $2.80 billion. DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 EPS. analysts predict that DTE Energy will post 5.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.8825 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio (DPR) is currently 64.53%.
In other news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the transaction, the chairman now owns 83,000 shares in the company, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in DTE. Janus Henderson Group PLC raised its holdings in shares of DTE Energy by 7,495.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,645,752 shares of the utilities provider’s stock valued at $174,104,000 after purchasing an additional 1,624,083 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in DTE Energy by 36.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock worth $224,492,000 after acquiring an additional 572,523 shares during the period. APG Asset Management N.V. raised its holdings in DTE Energy by 190.0% in the 3rd quarter. APG Asset Management N.V. now owns 658,763 shares of the utilities provider’s stock worth $70,725,000 after acquiring an additional 431,600 shares during the period. Vanguard Group Inc. raised its holdings in DTE Energy by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock worth $2,008,779,000 after acquiring an additional 375,899 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in DTE Energy by 52.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 498,339 shares of the utilities provider’s stock worth $52,719,000 after acquiring an additional 172,266 shares during the period. Institutional investors and hedge funds own 68.31% of the company’s stock.
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DTE Energy Company Profile
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