DTE Energy Co (NYSE:DTE) Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total value of $1,399,089.77. Following the transaction, the chairman now directly owns 83,000 shares in the company, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
DTE Energy Co (DTE) traded up $0.07 on Thursday, reaching $115.07. The company had a trading volume of 885,132 shares, compared to its average volume of 877,536. DTE Energy Co has a 12-month low of $95.17 and a 12-month high of $116.74. The firm has a market cap of $20,513.28, a price-to-earnings ratio of 22.20, a P/E/G ratio of 3.44 and a beta of 0.23. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20.
DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. research analysts expect that DTE Energy Co will post 5.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be given a dividend of $0.8825 per share. The ex-dividend date is Friday, December 15th. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.07%. DTE Energy’s payout ratio is currently 60.44%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new stake in shares of DTE Energy during the second quarter valued at approximately $106,000. Spectrum Management Group Inc. bought a new stake in shares of DTE Energy during the third quarter valued at approximately $111,000. Sun Life Financial INC grew its position in DTE Energy by 13,030.0% in the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 1,303 shares during the period. Vantage Investment Advisors LLC grew its position in DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 10 shares during the period. Finally, Tortoise Capital Advisors L.L.C. grew its position in DTE Energy by 335.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 1,032 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.
Several equities analysts have weighed in on DTE shares. Jefferies Group reaffirmed a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Credit Suisse Group reduced their price target on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Finally, Bank of America initiated coverage on DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $111.50.
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DTE Energy Company Profile
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