DTE Energy Company (NYSE:DTE) Chairman Gerard M. Anderson sold 12,389 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the sale, the chairman now owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of DTE Energy Company (NYSE DTE) traded down $0.69 during trading hours on Tuesday, reaching $112.23. 739,400 shares of the company traded hands, compared to its average volume of 873,954. The stock has a market capitalization of $20,190.00, a PE ratio of 21.93, a P/E/G ratio of 3.40 and a beta of 0.22. DTE Energy Company has a 12 month low of $91.35 and a 12 month high of $116.21. 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 data on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. DTE Energy’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 EPS. equities analysts anticipate that DTE Energy Company will post 5.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be paid a dividend of $0.8825 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 annualized dividend and a yield of 3.15%. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s payout ratio is currently 60.33%.

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A number of large investors have recently modified their holdings of the stock. Vantage Investment Advisors LLC grew its stake in DTE Energy by 0.8% during 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 in the last quarter. Advisor Partners LLC lifted its position in DTE Energy by 0.5% during the second quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock valued at $424,000 after purchasing an additional 21 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in DTE Energy by 0.6% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 4,738 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 29 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in DTE Energy by 2.1% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,633 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 33 shares during the last quarter. Finally, Probity Advisors Inc. lifted its position in DTE Energy by 0.6% during the second quarter. Probity Advisors Inc. now owns 5,761 shares of the utilities provider’s stock valued at $609,000 after purchasing an additional 35 shares during the last quarter. 67.89% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on DTE shares. KeyCorp reiterated a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. Credit Suisse Group reduced their target price on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Bank of America Corporation started coverage on shares of DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. Finally, Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $111.50.

DTE Energy Company Profile

Insider Buying and Selling by Quarter for DTE Energy (NYSE:DTE)

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