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 firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total value of $131,738.88. Following the sale, the chief accounting officer now owns 3,437 shares of the company’s stock, valued at $446,535.04. The trade was a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

DTE Energy Stock Performance

DTE Energy stock opened at $131.07 on Friday. 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 stock has a fifty day moving average price of $121.93 and a two-hundred day moving average price of $123.27. DTE Energy has a 52-week low of $103.06 and a 52-week high of $131.84. The firm has a market capitalization of $27.16 billion, a P/E 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 data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. As a group, analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

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

Hedge Funds Weigh In On DTE Energy

Hedge funds have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in DTE Energy in the third quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new position in DTE Energy in the third quarter valued at about $35,000. Prospera Private Wealth LLC bought a new position in DTE Energy during the third quarter worth about $35,000. Versant Capital Management Inc boosted its holdings in DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock worth $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new position in DTE Energy during the third quarter worth about $39,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DTE shares. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price target on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price target on DTE Energy from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and a consensus price target of $135.67.

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.