Several brokerages have updated their recommendations and price targets on shares of DTE Energy (NYSE: DTE) in the last few weeks:

  • 1/15/2018 – DTE Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $116.00 price target on the stock. According to Zacks, “In last one year DTE Energy’s share price outperformed the broader industry’s rally. The company's focus on improving its cost structure and making capital investments in renewable generation, utility infrastructure and environmental compliance assets is impressive. Currently, DTE Energy plans to invest $6.5 billion over the next 10 years for maintaining and upgrading the reliability of its electric utility systems. Apart from its utility operation, it also continues to make progress on its non-utility business, which provides diversity to its earnings stream. However, increasingly stringent government regulations for curbing emissions and operational risks remain major concerns. “
  • 1/12/2018 – DTE Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In last one year DTE Energy’s share price outperformed the broader industry’s rally. The company's focus on improving its cost structure and making capital investments in renewable generation, utility infrastructure and environmental compliance assets is impressive. Currently, DTE Energy plans to invest $6.5 billion over the next 10 years for maintaining and upgrading the reliability of its electric utility systems. Apart from its utility operation, it also continues to make progress on its non-utility business, which provides diversity to its earnings stream. However, increasingly stringent government regulations for curbing emissions and operational risks remain major concerns. Also, DTE Energy’s business depends on electric and gas rates fixed by three MPSC and the FERC and cannot be revised without regulatory authorization. New regulations could change how the company operates and might lead to additional expenses.”
  • 1/12/2018 – DTE Energy was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating.
  • 1/8/2018 – DTE Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $119.00 price target on the stock. According to Zacks, “In last one year DTE Energy’s share price outperformed the broader industry’s rally. The company's focus on improving its cost structure and making capital investments in renewable generation, utility infrastructure and environmental compliance assets is impressive. Currently, DTE Energy plans to invest $6.5 billion over the next 10 years for maintaining and upgrading the reliability of its electric utility systems. Apart from its utility operation, it also continues to make progress on its non-utility business, which provides diversity to its earnings stream. That said, increasingly stringent government regulations for curbing emissions and operational risks remain major concerns.”
  • 1/5/2018 – DTE Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In last one year DTE Energy’s share price outperformed the broader industry’s rally. The company's focus on improving its cost structure and making capital investments in renewable generation, utility infrastructure and environmental compliance assets is impressive. Currently, DTE Energy plans to invest $6.5 billion over the next 10 years for maintaining and upgrading the reliability of its electric utility systems. Apart from its utility operation, it also continues to make progress on its non-utility business, which provides diversity to its earnings stream. That said, increasingly stringent government regulations for curbing emissions and operational risks remain major concerns. Moreover, unfavorable weather conditions tend to adversely impact demand for utility services, which in turn might hamper the company's income and cash flow to some extent.”
  • 1/3/2018 – DTE Energy had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $121.00 price target on the stock.
  • 12/15/2017 – DTE Energy had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $118.50 price target on the stock.

Shares of DTE Energy Co (NYSE DTE) opened at $104.14 on Wednesday. The stock has a market cap of $18,680.00, a P/E ratio of 19.04, a P/E/G ratio of 3.00 and a beta of 0.23. DTE Energy Co has a fifty-two week low of $96.56 and a fifty-two week high of $116.74. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the business earned $1.96 earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. analysts predict that DTE Energy Co will post 5.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, December 18th were issued a dividend of $0.8825 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Friday, December 15th. DTE Energy’s dividend payout ratio (DPR) is 64.53%.

In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.

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