Mark W. Stiers Sells 10,000 Shares of DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTE) COO Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the transaction, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at approximately $4,862,836. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

DTE Energy Stock Performance

NYSE DTE opened at $116.60 on Friday. The stock has a market cap of $24.13 billion, a P/E ratio of 19.08, a PEG ratio of 2.91 and a beta of 0.64. The company’s 50-day simple moving average is $110.63 and its 200 day simple moving average is $107.96. DTE Energy has a twelve month low of $90.14 and a twelve month high of $117.17. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. As a group, research analysts forecast that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.08 annualized dividend and a yield of 3.50%. DTE Energy’s dividend payout ratio is 66.78%.

Institutional Trading of DTE Energy

Several large investors have recently added to or reduced their stakes in DTE. Janus Henderson Group PLC grew its stake in DTE Energy by 6,964.9% during the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after buying an additional 2,060,762 shares during the last quarter. Clearbridge Investments LLC grew its stake in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after buying an additional 1,756,459 shares during the last quarter. Boston Partners grew its stake in DTE Energy by 66.8% during the fourth quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock worth $280,247,000 after buying an additional 1,018,212 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of DTE Energy by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock worth $509,081,000 after purchasing an additional 724,561 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of DTE Energy during the fourth quarter worth approximately $74,478,000. 76.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DTE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Guggenheim lowered shares of DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective for the company. in a research report on Monday, January 22nd. Barclays upped their price objective on shares of DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Morgan Stanley upped their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

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.