Lisa A. Muschong Sells 1,600 Shares of DTE Energy Company (NYSE:DTE) Stock

DTE Energy Company (NYSE:DTE - Get Free Report) VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total transaction of $224,848.00. Following the completion of the sale, the vice president owned 4,153 shares in the company, valued at $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DTE Energy Trading Down 0.8%

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DTE opened at $138.88 on Friday. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $141.54. The company has a 50-day simple moving average of $135.39 and a 200 day simple moving average of $133.58. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $28.83 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.78 and a beta of 0.42.

DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. Analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Dividend Announcement

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.1%. DTE Energy's dividend payout ratio is 62.73%.

Analyst Ratings Changes

Several equities analysts recently weighed in on DTE shares. Morgan Stanley decreased their target price on shares of DTE Energy from $136.00 to $134.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Wall Street Zen cut shares of DTE Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Evercore ISI lifted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.29.

View Our Latest Report on DTE Energy

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DTE. Cloud Capital Management LLC acquired a new stake in DTE Energy during the 1st quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. acquired a new stake in DTE Energy during the 2nd quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new stake in DTE Energy during the 1st quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DTE Energy during the 1st quarter worth approximately $28,000. Finally, SouthState Corp acquired a new stake in shares of DTE Energy during the 1st quarter worth approximately $29,000. Institutional investors own 76.06% of the company's stock.

DTE Energy Company Profile

(Get Free Report)

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.

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