DTE Energy Co. (NYSE:DTE) shares saw unusually-high trading volume on Friday . Approximately 1,551,226 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 1,003,120 shares.The stock last traded at $97.43 and had previously closed at $97.10.

DTE has been the subject of several recent analyst reports. Zacks Investment Research cut shares of DTE Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 18th. KeyCorp restated an “outperform” rating and issued a $102.50 target price (up previously from $97.00) on shares of DTE Energy in a research note on Saturday, July 2nd. BMO Capital Markets restated a “hold” rating on shares of DTE Energy in a research note on Wednesday, June 22nd. Deutsche Bank AG restated a “hold” rating and issued a $90.00 target price on shares of DTE Energy in a research note on Tuesday, April 19th. Finally, Barclays PLC restated an “overweight” rating and issued a $97.00 target price (up previously from $91.00) on shares of DTE Energy in a research note on Thursday, April 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. DTE Energy presently has a consensus rating of “Buy” and an average target price of $99.10.

The company’s 50 day moving average is $96.91 and its 200 day moving average is $89.82. The company has a market capitalization of $17.50 billion and a PE ratio of 23.55.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.09. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.36 billion. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, equities analysts forecast that DTE Energy Co. will post $5.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.77 per share. This is an increase from DTE Energy’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $3.08 annualized dividend and a yield of 3.16%.

In other DTE Energy news, CAO David E. Meador sold 6,700 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $90.14, for a total transaction of $603,938.00. Following the completion of the sale, the chief accounting officer now owns 19,000 shares in the company, valued at $1,712,660. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa A. Muschong sold 1,075 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $92.79, for a total transaction of $99,749.25. Following the sale, the insider now owns 2,986 shares of the company’s stock, valued at approximately $277,070.94. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in DTE. Utah Retirement Systems raised its stake in DTE Energy by 0.3% in the fourth quarter. Utah Retirement Systems now owns 32,180 shares of the company’s stock valued at $2,580,000 after buying an additional 100 shares during the last quarter. Eaton Vance Management raised its stake in DTE Energy by 6.1% in the fourth quarter. Eaton Vance Management now owns 13,523 shares of the company’s stock valued at $1,084,000 after buying an additional 775 shares during the last quarter. Advisors Asset Management Inc. raised its stake in DTE Energy by 4.0% in the fourth quarter. Advisors Asset Management Inc. now owns 20,401 shares of the company’s stock valued at $1,636,000 after buying an additional 789 shares during the last quarter. Alpine Woods Capital Investors LLC raised its stake in DTE Energy by 12.2% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 33,100 shares of the company’s stock valued at $2,654,000 after buying an additional 3,600 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in DTE Energy by 6.0% in the fourth quarter. OppenheimerFunds Inc. now owns 126,243 shares of the company’s stock valued at $10,134,000 after buying an additional 7,163 shares during the last quarter.

DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.

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