DTE Energy Company (NYSE:DTE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $113.98 and last traded at $112.45, with a volume of 636000 shares. The stock had previously closed at $113.22.
Several brokerages have commented on DTE. Bank of America Corporation began coverage on DTE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reissued a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group lowered their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. DTE Energy presently has a consensus rating of “Hold” and a consensus target price of $111.50.
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 cap of $20,430.00, a P/E ratio of 21.83, a PEG ratio of 3.38 and a beta of 0.22.
DTE Energy (NYSE:DTE) last released its quarterly earnings data 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). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company earned $1.96 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. equities analysts anticipate that DTE Energy Company will post 5.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be paid a $0.8825 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 annualized dividend and a dividend yield of 3.14%. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio is currently 60.33%.
In other news, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the transaction, the insider now owns 25,257 shares of the company’s stock, valued at $2,779,027.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DTE. Pacad Investment Ltd. bought a new stake in DTE Energy in the second quarter valued at approximately $106,000. Gradient Investments LLC boosted its holdings in DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 3 shares during the last quarter. Spectrum Management Group Inc. bought a new stake in DTE Energy in the third quarter valued at approximately $111,000. Sun Life Financial INC boosted its holdings in DTE Energy by 13,030.0% in the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Vantage Investment Advisors LLC boosted its holdings in DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 68.18% of the company’s stock.
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DTE Energy Company Profile
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