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

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

DTE Energy Trading Up 0.5 %

Shares of DTE opened at $131.07 on Friday. The stock’s 50-day moving average is $121.93 and its two-hundred day moving average is $123.27. The stock has a market cap of $27.16 billion, a PE ratio of 19.36, a P/E/G ratio of 2.38 and a beta of 0.68. DTE Energy has a 12 month low of $103.06 and a 12 month high of $131.84. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46.

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

DTE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DTE. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley reduced their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays cut DTE Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $137.00 to $135.00 in a report on Thursday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.67.

Institutional Inflows and Outflows

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