Trevor F. Lauer Sells 3,500 Shares of DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTEGet Free Report) Vice Chairman Trevor F. Lauer sold 3,500 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $115.07, for a total transaction of $402,745.00. Following the transaction, the insider now owns 59,475 shares in the company, valued at approximately $6,843,788.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DTE Energy Stock Down 1.1 %

NYSE:DTE opened at $112.33 on Friday. DTE Energy has a 1-year low of $90.14 and a 1-year high of $117.44. The company has a 50-day moving average of $111.85 and a 200 day moving average of $109.38. The firm has a market cap of $23.25 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.09 and a beta of 0.67. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.75 and a quick ratio of 0.54.

DTE Energy (NYSE:DTEGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.67 EPS 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 analysts’ expectations of $3.81 billion. DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. As a group, research analysts anticipate that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Monday, June 17th. DTE Energy’s payout ratio is 66.78%.

Institutional Trading of DTE Energy

Several hedge funds have recently modified their holdings of DTE. Jump Financial LLC purchased a new stake in shares of DTE Energy during the third quarter valued at about $458,000. Kestra Private Wealth Services LLC increased its holdings in shares of DTE Energy by 9.4% during the third quarter. Kestra Private Wealth Services LLC now owns 3,266 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 280 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of DTE Energy by 13.8% during the third quarter. Avantax Advisory Services Inc. now owns 5,484 shares of the utilities provider’s stock valued at $544,000 after acquiring an additional 666 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of DTE Energy during the third quarter valued at about $560,000. Finally, Amalgamated Bank increased its holdings in shares of DTE Energy by 7.2% during the third quarter. Amalgamated Bank now owns 52,841 shares of the utilities provider’s stock valued at $5,246,000 after acquiring an additional 3,554 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DTE. Scotiabank lowered their target price on shares of DTE Energy from $129.00 to $120.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. KeyCorp boosted their target price on shares of DTE Energy from $117.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. BMO Capital Markets boosted their target price on shares of DTE Energy from $111.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, April 17th. Finally, Barclays boosted their target price on shares of DTE Energy from $115.00 to $119.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.44.

Read Our Latest Stock Analysis on DTE Energy

DTE Energy Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for DTE Energy (NYSE:DTE)

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