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

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

DTE Energy Stock Performance

Shares of DTE stock opened at $131.07 on Friday. 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 52 week low of $103.06 and a 52 week high of $131.84. The company’s fifty day simple moving average is $121.93 and its 200-day simple moving average is $123.27. The company has a market cap of $27.16 billion, a PE ratio of 19.36, a P/E/G ratio of 2.40 and a beta of 0.68.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that DTE Energy will post 7.18 EPS for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Monday, March 17th. DTE Energy’s payout ratio is 64.40%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DTE shares. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. BMO Capital Markets boosted their target price on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday. Scotiabank increased their target price on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley reduced their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $135.67.

Institutional Investors Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently modified their holdings of DTE. Mizuho Securities USA LLC grew its holdings in DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after acquiring an additional 7,023,042 shares during the period. Capital World Investors grew its holdings in DTE Energy by 123.2% during the fourth quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider’s stock worth $823,905,000 after acquiring an additional 3,766,221 shares during the period. Vanguard Group Inc. grew its holdings in DTE Energy by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider’s stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the period. Balyasny Asset Management L.P. grew its holdings in DTE Energy by 1,794.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider’s stock worth $111,159,000 after acquiring an additional 871,978 shares during the period. Finally, AQR Capital Management LLC grew its holdings in DTE Energy by 750.0% during the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider’s stock worth $116,482,000 after acquiring an additional 851,169 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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.