Insider Selling: DTE Energy (NYSE:DTE) COO Sells 3,801 Shares of Stock

DTE Energy (NYSE:DTE) COO Matthew T. Paul sold 3,801 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.56, for a total transaction of $492,457.56. Following the completion of the sale, the chief operating officer now directly owns 6,951 shares in the company, valued at $900,571.56. This trade represents a 35.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

DTE Energy Price Performance

NYSE DTE traded up $0.95 on Thursday, hitting $131.33. 811,732 shares of the company were exchanged, compared to its average volume of 1,170,045. The firm has a 50 day moving average of $121.73 and a two-hundred day moving average of $123.21. The company has a market cap of $27.22 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.38 and a beta of 0.68. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.84.

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

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.32%. DTE Energy’s dividend payout ratio is currently 64.40%.

Institutional Trading of DTE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC bought a new stake in DTE Energy during the 3rd quarter worth approximately $35,000. Versant Capital Management Inc increased its stake in DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 267 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in DTE Energy during the 3rd quarter worth approximately $39,000. 76.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DTE shares. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Morgan Stanley reduced their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Scotiabank boosted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, DTE Energy has an average 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.