Tracy J. Myrick Sells 1,014 Shares of DTE Energy (NYSE:DTE) 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 sale, the chief accounting officer now owns 3,437 shares in the company, valued at $446,535.04. This represents a 22.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

DTE Energy Trading Up 0.7 %

NYSE:DTE traded up $0.95 on Thursday, hitting $131.33. 811,732 shares of the stock were exchanged, compared to its average volume of 1,170,045. The stock has a market capitalization of $27.22 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.38 and a beta of 0.68. DTE Energy has a 52 week low of $103.06 and a 52 week high of $131.84. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. The company’s 50-day moving average price is $121.73 and its 200 day moving average price is $123.21.

DTE Energy (NYSE:DTE) last posted its earnings results 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%. On average, equities research analysts forecast that DTE Energy will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is currently 64.40%.

Institutional Investors Weigh In On DTE Energy

A number of institutional investors and hedge funds have recently made changes to their positions in DTE. Legacy Investment Solutions LLC bought a new stake in shares of DTE Energy during the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy in the 3rd quarter valued at $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at $35,000. Versant Capital Management Inc grew its holdings in DTE Energy by 890.0% in the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in DTE Energy in the 3rd quarter valued at $39,000. Institutional investors own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DTE. Scotiabank lifted their target price on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley cut their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Guggenheim upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Finally, UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $129.00 to $143.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.