Insider Selling: DTE Energy (NYSE:DTE) CAO Sells 1,014 Shares of 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 stock was 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 approximately $446,535.04. This trade represents a 22.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

DTE Energy Stock Performance

Shares of DTE Energy stock traded up $0.95 on Thursday, reaching $131.33. 811,732 shares of the company traded hands, compared to its average volume of 1,170,045. The firm has a market capitalization of $27.22 billion, a PE ratio of 19.40, a PEG ratio of 2.38 and a beta of 0.68. 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 company has a 50 day moving average of $121.73 and a 200 day moving average of $123.21. DTE Energy has a 52 week low of $103.06 and a 52 week high of $131.84.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, beating 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%. Equities analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Announces Dividend

The company 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 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is presently 64.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays lowered shares of DTE Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $137.00 to $135.00 in a report on Thursday. 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 report on Tuesday. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley dropped their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $135.67.

Hedge Funds Weigh In On DTE Energy

A number of institutional investors have recently made changes to their positions in DTE. Creative Planning increased its holdings in shares of DTE Energy by 6.2% in the 3rd quarter. Creative Planning now owns 66,907 shares of the utilities provider’s stock worth $8,592,000 after buying an additional 3,893 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of DTE Energy by 52.5% during the 3rd quarter. Blue Trust Inc. now owns 3,042 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 1,047 shares during the last quarter. Calton & Associates Inc. bought a new position in shares of DTE Energy during the 3rd quarter valued at $215,000. Sequoia Financial Advisors LLC grew its holdings in DTE Energy by 21.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,719 shares of the utilities provider’s stock worth $2,018,000 after acquiring an additional 2,726 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in DTE Energy by 3.1% in the 3rd quarter. Signaturefd LLC now owns 2,889 shares of the utilities provider’s stock worth $371,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

About DTE Energy

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.