DTE Energy (NYSE:DTE) Vice Chairman Trevor Lauer Sells 5,000 Shares of Stock

DTE Energy Company (NYSE:DTE) Vice Chairman Trevor Lauer sold 5,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the sale, the insider directly owned 73,122 shares of the company’s stock, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

DTE Energy Stock Up 0.6%

Shares of DTE stock opened at $136.87 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74. The company’s fifty day moving average price is $143.86 and its 200-day moving average price is $145.24. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.96 and a beta of 0.37.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. Sell-side analysts expect that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.4%. DTE Energy’s dividend payout ratio is 73.73%.

Wall Street Analysts Forecast Growth

DTE has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Mizuho dropped their price target on DTE Energy from $164.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Jefferies Financial Group set a $172.00 price objective on shares of DTE Energy in a report on Thursday, July 9th. Weiss Ratings upgraded shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, BMO Capital Markets lowered their target price on shares of DTE Energy from $150.00 to $143.00 and set a “market perform” rating on the stock in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DTE. First Bancorp Inc ME purchased a new stake in shares of DTE Energy in the second quarter worth about $29,000. Key Financial Inc purchased a new position in DTE Energy during the 1st quarter valued at approximately $29,000. Elyxium Wealth LLC purchased a new position in DTE Energy during the 4th quarter valued at approximately $29,000. N.E.W. Advisory Services LLC bought a new stake in DTE Energy in the 2nd quarter worth approximately $35,000. Finally, Optiver Holding B.V. bought a new stake in DTE Energy in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

About DTE Energy

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.