DTE Energy Company (DTE) Hits New 1-Year High at $111.37
DTE Energy Company (NYSE:DTE) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $111.37 and last traded at $111.37, with a volume of 454,907 shares. The stock had previously closed at $110.89.
DTE has been the topic of several recent research reports. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $117.00 price target (up previously from $108.50) on shares of DTE Energy in a report on Thursday, April 27th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $108.00.
The firm has a market cap of $19.98 billion, a PE ratio of 19.18 and a beta of 0.21. The company’s 50 day moving average is $107.32 and its 200-day moving average is $104.87.
DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. DTE Energy’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. On average, equities analysts anticipate that DTE Energy Company will post $5.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, September 15th. DTE Energy’s payout ratio is currently 56.60%.
In other DTE Energy news, SVP Bruce D. Peterson sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00. Following the transaction, the senior vice president now owns 29,156 shares of the company’s stock, valued at approximately $3,209,492.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Lisa A. Muschong sold 426 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $109.51, for a total value of $46,651.26. Following the transaction, the vice president now directly owns 2,543 shares in the company, valued at approximately $278,483.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,895 shares of company stock worth $3,889,444. Company insiders own 0.53% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DTE. Pacad Investment Ltd. purchased a new position in DTE Energy during the second quarter valued at about $106,000. Gradient Investments LLC increased its position in DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Whittier Trust Co. increased its position in DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock valued at $131,000 after buying an additional 14 shares in the last quarter. Sun Life Financial INC increased its position in DTE Energy by 13,030.0% in the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after buying an additional 1,303 shares in the last quarter. Finally, Vantage Investment Advisors LLC increased its position in DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after buying an additional 10 shares in the last quarter. 67.99% of the stock is currently owned by hedge funds and other institutional investors.
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DTE Energy Company Profile