DTE Energy (NYSE:DTE) COO Matthew T. Paul Sells 3,801 Shares

DTE Energy (NYSE:DTE) COO Matthew T. Paul sold 3,801 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the transaction, the chief operating officer now owns 6,951 shares of the company’s stock, valued at approximately $900,571.56. The trade was a 35.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

DTE Energy Stock Up 0.7 %

NYSE DTE traded up $0.95 during trading on Thursday, reaching $131.33. The company’s stock had a trading volume of 811,732 shares, compared to its average volume of 1,170,045. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $27.22 billion, a PE ratio of 19.40, a PEG ratio of 2.38 and a beta of 0.68. The business has a 50-day moving average price of $121.73 and a 200-day moving average price of $123.21. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.84.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. On average, research analysts forecast that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is 64.40%.

Hedge Funds Weigh In On DTE Energy

Institutional investors have recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy in the third quarter valued at approximately $30,000. Prospera Private Wealth LLC bought a new position in DTE Energy during the third quarter worth $35,000. Ashton Thomas Securities LLC bought a new position in DTE Energy during the third quarter worth $35,000. Versant Capital Management Inc increased its position in DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 267 shares during the period. Finally, Coastline Trust Co bought a new position in DTE Energy during the third quarter worth $39,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays cut shares of DTE Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $137.00 to $135.00 in a report on Thursday. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, BMO Capital Markets raised their price target on shares of DTE Energy from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, DTE Energy currently has an average rating of “Moderate Buy” and a consensus price target of $135.67.

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.