Mizuho raises its price target on DTE Energy (NYSE:DTE) to $133.00

DTE Energy (NYSE:DTE – Free Report) Their target price was upped by Mizuho from $121.00 to $133.00 in a research note on Tuesday, Benzinga reports. They are currently outperforming utility provider stocks.

DTE has been the subject of several other research reports. Scotiabank boosted their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the company a sector perform rating in a research report on Tuesday, August 20th. Barclays raised their target price on shares of DTE Energy from $123.00 to $128.00 and gave the stock an overweight rating in a research note on Tuesday, July 30th. StockNews.com raised shares of DTE Energy from a sell rating to a hold rating in a research report on Sunday, August 11th. KeyCorp raised their target price on DTE Energy from $117.00 to $125.00 and gave the stock an overweight rating in a research report on Monday, May 20th. Finally, Morgan Stanley boosted their price target on DTE Energy from $114.00 to $121.00 and gave the company an overweight rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, DTE Energy currently has a consensus rating of Moderate Buy and an average target price of $127.17.

See the latest stock report on DTE

DTE energy stock performance

Shares of DTE stock opened at $125.58 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.52, and a debt-to-equity ratio of 1.73. The company has a market cap of $25.99 billion, a PE ratio of 20.55, a P/E/G ratio of 2.26 and a beta of 0.67. The company’s fifty-day simple moving average is $119.47, and its 200-day simple moving average is $114.12. DTE Energy has a 52-week low of $90.14 and a 52-week high of $127.59.

DTE Energy (NYSE:DTE – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted earnings of $0.99 per share. As a group, 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 Tuesday, October 15th. Investors of record on Monday, September 16th will be given a dividend of $1.02 per share. This represents an annualized dividend of $4.08 and a yield of 3.25%. The ex-dividend date is Monday, September 16. DTE Energy’s dividend payout ratio (DPR) is currently 66.78%.

Institutional Trading of DTE Energy

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of DTE Energy in the second quarter valued at approximately $2,736,000. EP Wealth Advisors LLC acquired a new position in DTE Energy in the second quarter valued at approximately $201,000. NewEdge Advisors LLC raised its stake in DTE Energy by 15.2% in the second quarter. NewEdge Advisors LLC now owns 293,962 shares of the utilities provider’s stock valued at $32,632,000 after acquiring an additional 38,849 shares during the period. Creative Planning boosted its holdings in shares of DTE Energy by 1.8% in the second quarter. Creative Planning now owns 63,014 shares of the utilities provider’s stock valued at $6,995,000 after buying an additional 1,140 shares during the last quarter. Finally, Copperwynd Financial LLC raised its position in shares of DTE Energy by 13.6% during the 2nd quarter. Copperwynd Financial LLC now owns 5,907 shares of the utilities provider’s stock worth $712,000 after buying an additional 708 shares during that period. Institutional investors own 76.06% of the company’s shares.

About DTE Energy

(Get a free report)

DTE Energy is engaged in utility operations. The Company’s Electric segment generates, purchases, distributes and sells electricity to various residential, commercial and industrial customers in Southeast Michigan. It generates electricity through coal-fired power plants, pumped hydro storage and nuclear plants, as well as wind and solar assets.

Read more

Get news and ratings for DTE Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DTE Energy and related companies with MarketBeat.com’s FREE daily email newsletter.