DTE Energy Co (NYSE:DTE) insider Peter B. Oleksiak sold 1,000 shares of DTE Energy stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $99.89, for a total transaction of $99,890.00. Following the completion of the sale, the insider now owns 29,555 shares of the company’s stock, valued at approximately $2,952,248.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
DTE Energy stock opened at $96.97 on Friday. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.16 and a quick ratio of 0.93. DTE Energy Co has a 12 month low of $96.21 and a 12 month high of $116.74.
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DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, April 25th. The utilities provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.26 billion. DTE Energy had a net margin of 8.34% and a return on equity of 10.27%. During the same quarter in the previous year, the company posted $1.79 earnings per share. analysts anticipate that DTE Energy Co will post 5.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 15th. Shareholders of record on Monday, June 18th will be issued a $0.8825 dividend. This represents a $3.53 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, June 15th. DTE Energy’s dividend payout ratio is presently 63.15%.
A number of institutional investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new position in shares of DTE Energy during the fourth quarter valued at $138,000. Focused Wealth Management Inc acquired a new position in shares of DTE Energy during the fourth quarter valued at $164,000. McKinley Carter Wealth Services Inc. acquired a new position in shares of DTE Energy during the first quarter valued at $179,000. Capital One National Association acquired a new position in shares of DTE Energy during the fourth quarter valued at $201,000. Finally, BB&T Securities LLC acquired a new position in shares of DTE Energy during the fourth quarter valued at $202,000. 70.57% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on DTE. ValuEngine lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. Zacks Investment Research lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 23rd. Guggenheim restated a “buy” rating and issued a $112.00 price target on shares of DTE Energy in a research note on Friday, February 23rd. KeyCorp lifted their price target on shares of DTE Energy from $107.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. Finally, Citigroup began coverage on shares of DTE Energy in a research note on Friday, April 13th. They issued a “neutral” rating and a $103.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $110.00.
About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.