DTE Energy Co (NYSE:DTE) insider Peter B. Oleksiak sold 1,850 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $118.67, for a total transaction of $219,539.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

DTE stock opened at $118.50 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.10 and a current ratio of 1.47. DTE Energy Co has a twelve month low of $94.25 and a twelve month high of $121.00. The company has a market cap of $21.69 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 3.15 and a beta of 0.04.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, October 24th. The utilities provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.39. DTE Energy had a net margin of 8.85% and a return on equity of 11.61%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the company earned $1.48 earnings per share. As a group, analysts predict that DTE Energy Co will post 6.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.945 per share. The ex-dividend date is Friday, December 14th. This represents a $3.78 dividend on an annualized basis and a yield of 3.19%. This is a boost from DTE Energy’s previous quarterly dividend of $0.88. DTE Energy’s dividend payout ratio (DPR) is presently 63.15%.

DTE has been the topic of several analyst reports. Citigroup raised their target price on shares of DTE Energy from $103.00 to $110.00 and gave the company a “hold” rating in a report on Monday, September 10th. Wells Fargo & Co raised their target price on shares of DTE Energy from $118.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, October 25th. Credit Suisse Group cut shares of DTE Energy from a “neutral” rating to an “underperform” rating and raised their target price for the company from $109.00 to $111.00 in a report on Thursday, October 25th. Wolfe Research cut shares of DTE Energy from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. Finally, Barclays started coverage on shares of DTE Energy in a report on Wednesday, August 15th. They issued an “equal weight” rating and a $116.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $114.36.

A number of hedge funds have recently added to or reduced their stakes in DTE. Morgan Stanley increased its holdings in shares of DTE Energy by 69.7% in the 3rd quarter. Morgan Stanley now owns 771,744 shares of the utilities provider’s stock valued at $84,221,000 after acquiring an additional 316,990 shares during the period. Cohen & Steers Inc. increased its holdings in shares of DTE Energy by 5.3% in the 3rd quarter. Cohen & Steers Inc. now owns 619,924 shares of the utilities provider’s stock valued at $67,652,000 after acquiring an additional 31,204 shares during the period. Kentucky Retirement Systems acquired a new position in shares of DTE Energy in the 3rd quarter valued at $969,000. Glenmede Trust Co. NA increased its holdings in shares of DTE Energy by 299.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 309,404 shares of the utilities provider’s stock valued at $33,764,000 after acquiring an additional 231,977 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of DTE Energy in the 3rd quarter valued at $493,000. 71.36% of the stock is currently owned by institutional investors.

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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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