Shares of DTE Energy Co (NYSE:DTE) have been given a consensus rating of “Hold” by the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $113.50.

A number of research analysts have recently issued reports on DTE shares. Wells Fargo & Co upgraded shares of DTE Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. KeyCorp reiterated a “buy” rating and set a $118.50 target price on shares of DTE Energy in a research report on Friday, December 15th. Bank of America initiated coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price on the stock. Finally, Guggenheim reiterated a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research report on Wednesday, January 3rd.

In related news, Chairman Gerard M. Anderson sold 12,389 shares of the business’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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DTE. Boston Partners acquired a new position in DTE Energy during the fourth quarter worth $156,376,000. BlackRock Inc. raised its holdings in DTE Energy by 3.2% during the fourth quarter. BlackRock Inc. now owns 15,036,122 shares of the utilities provider’s stock worth $1,645,854,000 after buying an additional 460,371 shares during the last quarter. APG Asset Management N.V. raised its holdings in DTE Energy by 190.0% during the third quarter. APG Asset Management N.V. now owns 658,763 shares of the utilities provider’s stock worth $70,725,000 after buying an additional 431,600 shares during the last quarter. Renaissance Technologies LLC raised its holdings in DTE Energy by 13.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,303,300 shares of the utilities provider’s stock worth $252,119,000 after buying an additional 275,000 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in DTE Energy by 25.8% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,290,325 shares of the utilities provider’s stock worth $141,239,000 after buying an additional 265,000 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Shares of DTE Energy (DTE) traded down $0.97 during midday trading on Friday, hitting $101.23. 950,154 shares of the stock were exchanged, compared to its average volume of 1,470,000. The firm has a market cap of $18,160.00, a P/E ratio of 18.51, a P/E/G ratio of 2.92 and a beta of 0.14. DTE Energy has a 1 year low of $97.15 and a 1 year 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.

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, March 19th will be given a dividend of $0.8825 per share. The ex-dividend date is Friday, March 16th. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.49%. DTE Energy’s payout ratio is presently 64.53%.

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About DTE Energy

DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.

Analyst Recommendations for DTE Energy (NYSE:DTE)

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