KeyCorp Raises DTE Energy (NYSE:DTE) Price Target to $125.00

DTE Energy (NYSE:DTE) had its target price raised by KeyCorp from $117.00 to $125.00 in a report published on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the utilities provider’s stock.

DTE has been the topic of several other research reports. Morgan Stanley upped their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the company an overweight rating in a report on Thursday, March 21st. Scotiabank reduced their price objective on DTE Energy from $129.00 to $120.00 and set a sector outperform rating for the company in a research note on Monday, April 22nd. Barclays upped their target price on DTE Energy from $115.00 to $119.00 and gave the stock an overweight rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of DTE Energy from $118.00 to $120.00 and gave the company a neutral rating in a research report on Wednesday, March 13th. Finally, Guggenheim downgraded shares of 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $116.30.

DTE Energy Stock Down 2.6 %

Shares of DTE Energy stock opened at $112.06 on Monday. The stock’s 50-day moving average is $110.96 and its 200 day moving average is $108.36. DTE Energy has a one year low of $90.14 and a one year high of $117.44. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.13 and a beta of 0.64. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.04). The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. Equities research analysts anticipate that DTE Energy will post 6.7 EPS for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a $1.02 dividend. The ex-dividend date is Monday, June 17th. This represents a $4.08 annualized dividend and a yield of 3.64%. DTE Energy’s dividend payout ratio (DPR) is 66.78%.

Insider Transactions at DTE Energy

In other news, COO Robert A. Richard sold 4,800 shares of the company’s 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 transaction, 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 SEC, which is accessible through this hyperlink. In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of DTE Energy stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total value of $1,160,000.00. Following the sale, the chief operating officer now owns 41,921 shares of the company’s stock, valued at $4,862,836. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Robert A. Richard sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $107.25, for a total transaction of $514,800.00. Following the transaction, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at $2,801,155.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DTE Energy

Hedge funds have recently modified their holdings of the stock. PBMares Wealth Management LLC raised its stake in shares of DTE Energy by 4.5% in the fourth quarter. PBMares Wealth Management LLC now owns 2,301 shares of the utilities provider’s stock valued at $254,000 after buying an additional 100 shares during the period. Cullen Frost Bankers Inc. raised its stake in DTE Energy by 17.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 102 shares during the period. Center for Financial Planning Inc. lifted its holdings in DTE Energy by 2.2% during the first quarter. Center for Financial Planning Inc. now owns 4,972 shares of the utilities provider’s stock valued at $558,000 after purchasing an additional 105 shares during the last quarter. TIAA Trust National Association boosted its position in DTE Energy by 2.9% during the first quarter. TIAA Trust National Association now owns 3,771 shares of the utilities provider’s stock worth $423,000 after purchasing an additional 106 shares during the period. Finally, Texas Permanent School Fund Corp increased its stake in shares of DTE Energy by 0.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,908 shares of the utilities provider’s stock worth $4,700,000 after purchasing an additional 107 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.