Insider Selling: DTE Energy (NYSE:DTE) VP Sells 1,000 Shares of Stock

DTE Energy Company (NYSE:DTE) VP Lisa Muschong sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

DTE Energy Stock Down 2.4%

Shares of DTE Energy stock traded down $3.42 during trading hours on Friday, reaching $140.39. 591,516 shares of the company were exchanged, compared to its average volume of 1,452,482. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The stock’s fifty day moving average is $146.42 and its 200 day moving average is $139.33. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $29.20 billion, a PE ratio of 23.13, a PEG ratio of 3.10 and a beta of 0.41.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts forecast that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 22nd will be given a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.3%. DTE Energy’s dividend payout ratio is currently 76.77%.

Hedge Funds Weigh In On DTE Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after acquiring an additional 766,499 shares in the last quarter. Capital Research Global Investors boosted its stake in DTE Energy by 3.1% in the fourth quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock valued at $1,605,539,000 after acquiring an additional 379,443 shares in the last quarter. State Street Corp boosted its stake in DTE Energy by 2.5% in the fourth quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after acquiring an additional 272,068 shares in the last quarter. Capital World Investors boosted its stake in DTE Energy by 5.9% in the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after acquiring an additional 552,346 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in DTE Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after acquiring an additional 117,322 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Ratings Changes

DTE has been the topic of a number of recent research reports. BMO Capital Markets cut their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research report on Thursday, March 26th. JPMorgan Chase & Co. lowered their target price on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Thursday. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Mizuho set a $165.00 target price on shares of DTE Energy in a research note on Friday, May 1st. Finally, Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.58.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.