DTE Energy Co (NYSE:DTE) was the recipient of unusually large options trading activity on Thursday. Traders acquired 2,807 call options on the stock. This is an increase of 2,679% compared to the average volume of 101 call options.

Shares of DTE opened at $124.38 on Friday. DTE Energy has a 1-year low of $94.25 and a 1-year high of $124.82. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 3.34 and a beta of 0.26. The company has a quick ratio of 0.55, a current ratio of 0.73 and a debt-to-equity ratio of 1.13.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. As a group, equities research analysts predict that DTE Energy will post 6.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 18th will be given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, March 15th. DTE Energy’s dividend payout ratio is presently 60.00%.

In other DTE Energy news, VP Lisa A. Muschong sold 2,616 shares of DTE Energy stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $119.80, for a total transaction of $313,396.80. Following the transaction, the vice president now directly owns 2,933 shares of the company’s stock, valued at $351,373.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trevor F. Lauer sold 1,700 shares of DTE Energy stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $122.44, for a total transaction of $208,148.00. Following the transaction, the insider now directly owns 19,427 shares in the company, valued at $2,378,641.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,316 shares of company stock worth $1,834,835. Insiders own 0.59% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in shares of DTE Energy by 125.6% in the fourth quarter. American Century Companies Inc. now owns 53,650 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 29,865 shares in the last quarter. FMR LLC grew its holdings in shares of DTE Energy by 0.6% in the fourth quarter. FMR LLC now owns 165,304 shares of the utilities provider’s stock valued at $18,233,000 after purchasing an additional 986 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $397,000. Bell & Brown Wealth Advisors LLC acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $204,000. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $7,093,000. Institutional investors and hedge funds own 70.95% of the company’s stock.

A number of brokerages have commented on DTE. Zacks Investment Research raised shares of DTE Energy from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Thursday, January 24th. ValuEngine downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Macquarie set a $123.00 target price on shares of DTE Energy and gave the stock a “buy” rating in a research note on Saturday, February 9th. Credit Suisse Group lifted their target price on shares of DTE Energy from $110.00 to $113.00 and gave the stock an “underperform” rating in a research note on Monday, February 11th. Finally, Goldman Sachs Group began coverage on shares of DTE Energy in a research note on Wednesday, January 16th. They set a “buy” rating and a $121.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $117.42.

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About DTE Energy

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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