Trevor Lauer Sells 5,000 Shares of DTE Energy (NYSE:DTE) Stock

DTE Energy Company (NYSE:DTE) Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the sale, the insider owned 73,122 shares in the company, valued at approximately $9,923,386.62. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

DTE Energy Stock Performance

Shares of DTE opened at $135.88 on Friday. DTE Energy Company has a one year low of $126.23 and a one year high of $155.74. The firm has a market capitalization of $28.28 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.98 and a beta of 0.37. The company has a 50-day simple moving average of $143.49 and a two-hundred day simple moving average of $145.18. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.18. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same period in the previous year, the company posted $1.36 earnings per share. On average, analysts anticipate that DTE Energy Company will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is 73.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DTE shares. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a report on Thursday, July 9th. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 price target on shares of DTE Energy in a research note on Monday, June 15th. Morgan Stanley reduced their price objective on DTE Energy from $153.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Mizuho dropped their target price on DTE Energy from $164.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. boosted their target price on DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Institutional Investors Weigh In On DTE Energy

Several institutional investors have recently modified their holdings of DTE. First Bancorp Inc ME purchased a new position in DTE Energy in the 2nd quarter worth about $29,000. Key Financial Inc purchased a new stake in shares of DTE Energy during the 1st quarter valued at about $29,000. Elyxium Wealth LLC bought a new stake in shares of DTE Energy in the fourth quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of DTE Energy during the second quarter valued at approximately $35,000. Finally, Optiver Holding B.V. bought a new position in DTE Energy during the first quarter valued at approximately $36,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting DTE Energy

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE maintained its quarterly dividend at $1.165 per share, equivalent to $4.66 annually and a yield of approximately 3.4%. The dividend provides income support for investors, although the payout ratio is relatively high at 73.7%. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Positive Sentiment: Analysts retain a generally favorable view, with a consensus rating of “Moderate Buy” and an average price target of $157, above the recent trading range. However, several firms have recently reduced their targets, reflecting some caution around valuation and utility-sector conditions. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares
• Neutral Sentiment: Longtime director David A. Thomas plans to retire from DTE Energy’s board. The change may attract governance attention, but no immediate effect on operations or earnings was disclosed. DTE Energy Announces Retirement of Longtime Board Director
• Negative Sentiment: Severe storms left roughly 250,000 Michigan customers without power, with DTE customers hit hardest. Restoration work could increase costs and renew scrutiny of reliability and infrastructure spending. 250K Without Power Across Michigan
• Negative Sentiment: A DTE-backed group lost its appeal against Ann Arbor’s public power proposal, potentially increasing the long-term risk of municipal competition and customer loss in one of its service areas. DTE-Backed Group Loses Appeal Against Ann Arbor Public Power Proposal
• Negative Sentiment: Vice Chairman Trevor Lauer sold 5,000 shares worth approximately $678,550, reducing his direct ownership by 6.4%. While the sale may have been planned, insider selling can weigh on sentiment. DTE Energy Vice Chairman Trevor Lauer Sells 5,000 Shares

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.