DTE Energy Company (NYSE:DTE) shares reached a new 52-week high on Tuesday . The stock traded as high as $112.77 and last traded at $112.77, with a volume of 529,464 shares traded. The stock had previously closed at $112.12.

Several research analysts have recently weighed in on DTE shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a research report on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and set a $113.00 price objective on shares of DTE Energy in a research report on Sunday, August 27th. BidaskClub cut DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. Finally, Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $109.20.

The company has a market capitalization of $20.23 billion, a PE ratio of 19.42 and a beta of 0.22. The company’s 50-day moving average is $108.94 and its 200 day moving average is $105.66.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. Equities analysts predict that DTE Energy Company will post $5.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, September 15th. DTE Energy’s dividend payout ratio is currently 56.60%.

In other DTE Energy news, COO Gerardo Norcia sold 4,838 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $110.73, for a total transaction of $535,711.74. Following the completion of the sale, the chief operating officer now directly owns 115,930 shares of the company’s stock, valued at approximately $12,836,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 2,543 shares of the company’s stock, valued at $278,483.93. The disclosure for this sale can be found here. Insiders have sold a total of 30,895 shares of company stock valued at $3,339,044 over the last three months. Corporate insiders own 0.53% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of DTE Energy by 2,370.1% in the 1st quarter. BlackRock Inc. now owns 14,475,164 shares of the utilities provider’s stock worth $1,478,058,000 after buying an additional 13,889,160 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of DTE Energy by 7,495.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,645,752 shares of the utilities provider’s stock worth $174,104,000 after buying an additional 1,624,083 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of DTE Energy by 36.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock worth $224,492,000 after buying an additional 572,523 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of DTE Energy by 16.4% in the 1st quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock worth $334,567,000 after buying an additional 461,310 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of DTE Energy by 42.0% in the 1st quarter. Legal & General Group Plc now owns 1,403,863 shares of the utilities provider’s stock worth $143,345,000 after buying an additional 415,123 shares during the last quarter. 68.63% of the stock is owned by hedge funds and other institutional investors.

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DTE Energy Company Profile