Joann Chavez Sells 7,062 Shares of DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTE) SVP Joann Chavez sold 7,062 shares of DTE Energy stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

DTE Energy Trading Down 0.6 %

Shares of DTE Energy stock opened at $132.63 on Thursday. The stock has a market cap of $27.49 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.41 and a beta of 0.68. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 12-month low of $103.06 and a 12-month high of $133.49. The business’s 50 day moving average is $122.92 and its 200-day moving average is $123.65.

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

DTE Energy Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.29%. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new position in shares of DTE Energy during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC bought a new stake in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc lifted its holdings in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 267 shares during the last quarter. 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.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DTE. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $137.00 to $135.00 in a report on Thursday, February 20th. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average 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.