DTE Energy (NYSE:DTE) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of DTE Energy (NYSE:DTE) from a hold rating to a sell rating in a research note published on Saturday.

A number of other research firms also recently weighed in on DTE. Morgan Stanley cut their price target on DTE Energy from $116.00 to $111.00 and set an overweight rating on the stock in a research note on Monday, June 24th. Barclays increased their price target on DTE Energy from $123.00 to $128.00 and gave the company an overweight rating in a research report on Tuesday, July 30th. BMO Capital Markets raised their price objective on DTE Energy from $120.00 to $123.00 and gave the company a market perform rating in a research report on Monday, July 15th. KeyCorp lifted their target price on shares of DTE Energy from $117.00 to $125.00 and gave the stock an overweight rating in a report on Monday, May 20th. Finally, Wells Fargo & Company increased their price objective on DTE Energy from $125.00 to $133.00 and gave the stock an overweight rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $119.30.

DTE Energy Trading Down 3.6 %

NYSE DTE opened at $118.79 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a market capitalization of $24.58 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. DTE Energy has a one year low of $90.14 and a one year high of $126.76. The company has a 50-day simple moving average of $113.72 and a 200-day simple moving average of $110.80.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.22. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, September 16th. DTE Energy’s dividend payout ratio (DPR) is 66.78%.

Insider Buying and Selling

In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Vice Chairman Trevor F. Lauer sold 3,500 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the sale, the insider now directly owns 59,475 shares of the company’s stock, valued at $6,843,788.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 14,698 shares of company stock valued at $1,702,444 in the last 90 days. Company insiders own 0.61% of the company’s stock.

Institutional Trading of DTE Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DTE. Fifth Third Bancorp increased its stake in DTE Energy by 4.2% in the 4th quarter. Fifth Third Bancorp now owns 8,514 shares of the utilities provider’s stock valued at $939,000 after purchasing an additional 347 shares in the last quarter. Arizona State Retirement System grew its position in shares of DTE Energy by 0.8% in the 4th quarter. Arizona State Retirement System now owns 56,666 shares of the utilities provider’s stock worth $6,248,000 after acquiring an additional 435 shares in the last quarter. Private Trust Co. NA grew its position in shares of DTE Energy by 28.6% during the 4th quarter. Private Trust Co. NA now owns 957 shares of the utilities provider’s stock valued at $106,000 after buying an additional 213 shares during the last quarter. International Assets Investment Management LLC bought a new stake in DTE Energy in the fourth quarter valued at $6,606,000. Finally, Allworth Financial LP grew its holdings in DTE Energy by 4.6% in the 4th quarter. Allworth Financial LP now owns 6,851 shares of the utilities provider’s stock worth $755,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

About DTE Energy

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.