Insider Selling: DTE Energy Co (NYSE:DTE) Chairman Sells 11,500 Shares of Stock

DTE Energy Co (NYSE:DTE) Chairman Gerard M. Anderson sold 11,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $128.02, for a total value of $1,472,230.00. Following the transaction, the chairman now directly owns 80,406 shares of the company’s stock, valued at $10,293,576.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

DTE stock traded down $2.13 during trading on Wednesday, hitting $126.10. 751,067 shares of the stock traded hands, compared to its average volume of 918,831. DTE Energy Co has a 1 year low of $106.41 and a 1 year high of $132.09. The stock has a 50 day simple moving average of $129.22. The stock has a market capitalization of $23.71 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 3.47 and a beta of 0.24. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.10). The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.98 billion. DTE Energy had a net margin of 8.09% and a return on equity of 10.33%. During the same period last year, the company posted $1.36 earnings per share. As a group, equities research analysts anticipate that DTE Energy Co will post 6.21 EPS for the current fiscal year.



The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, September 13th. DTE Energy’s dividend payout ratio is currently 60.00%.

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on DTE Energy from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. ValuEngine cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp began coverage on shares of DTE Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $136.00 price target for the company. Credit Suisse Group set a $117.00 price target on shares of DTE Energy and gave the stock a “sell” rating in a research note on Monday, April 22nd. Finally, Bank of America cut their price target on shares of DTE Energy from $124.00 to $122.00 and set an “underperform” rating for the company in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $126.36.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kistler Tiffany Companies LLC purchased a new position in shares of DTE Energy in the second quarter valued at $26,000. Weaver Consulting Group acquired a new stake in shares of DTE Energy in the first quarter valued at about $29,000. WP Advisors LLC acquired a new stake in shares of DTE Energy in the first quarter valued at about $32,000. Atlas Capital Advisors LLC acquired a new stake in shares of DTE Energy in the first quarter valued at about $33,000. Finally, TCG Advisors LP acquired a new stake in shares of DTE Energy in the first quarter valued at about $34,000. Institutional investors and hedge funds own 70.32% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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

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