Tracy J. Myrick Sells 1,014 Shares of DTE Energy (NYSE:DTE) Stock

DTE Energy (NYSE:DTE) CAO Tracy J. Myrick sold 1,014 shares of DTE Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.92, for a total transaction of $131,738.88. Following the transaction, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. The trade was a 22.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

DTE Energy Trading Up 0.6 %

DTE opened at $131.98 on Friday. DTE Energy has a 12-month low of $103.06 and a 12-month high of $132.88. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.71 and a quick ratio of 0.46. The stock has a market capitalization of $27.35 billion, a PE ratio of 19.49, a P/E/G ratio of 2.40 and a beta of 0.68. The firm’s fifty day moving average price is $122.15 and its 200 day moving average price is $123.36.

DTE Energy (NYSE:DTE) last issued 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 net margin of 11.27% and a return on equity of 12.42%. As a group, research analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.30%. DTE Energy’s dividend payout ratio (DPR) is 64.40%.

Institutional Investors Weigh In On DTE Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in DTE Energy by 24.0% during the fourth quarter. Toronto Dominion Bank now owns 114,936 shares of the utilities provider’s stock valued at $13,879,000 after purchasing an additional 22,265 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of DTE Energy during the 4th quarter valued at about $213,000. PharVision Advisers LLC acquired a new stake in DTE Energy during the fourth quarter worth about $629,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in DTE Energy by 28.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 777,132 shares of the utilities provider’s stock worth $93,839,000 after acquiring an additional 171,371 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in DTE Energy by 39.4% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 40,810 shares of the utilities provider’s stock worth $4,928,000 after acquiring an additional 11,543 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DTE has been the topic of a number of recent research reports. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley decreased their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. 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, DTE Energy has a consensus rating of “Moderate Buy” and a consensus 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.