DTE Energy (NYSE:DTE - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $135.24 and last traded at $135.20, with a volume of 1082160 shares trading hands. The stock had previously closed at $133.70.
Analyst Ratings Changes
A number of equities analysts recently commented on DTE shares. Barclays lowered shares of DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $137.00 to $135.00 in a research note on Thursday, February 20th. KeyCorp cut DTE Energy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Morgan Stanley reduced their price target on DTE Energy from $131.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Finally, UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.67.
Get Our Latest Analysis on DTE
DTE Energy Price Performance
The stock's 50-day moving average price is $124.22 and its 200 day moving average price is $124.05. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The firm has a market cap of $26.94 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68.
DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Equities research analysts predict that DTE Energy will post 7.18 earnings per share for the current year.
DTE Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.35%. DTE Energy's dividend payout ratio is currently 64.40%.
Insider Buying and Selling at DTE Energy
In other DTE Energy news, CAO Tracy J. Myrick sold 1,014 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the transaction, the chief accounting officer now owns 3,437 shares of the company's stock, valued at approximately $446,535.04. This represents a 22.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joann Chavez sold 7,062 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $132.40, for a total transaction of $935,008.80. Following the transaction, the senior vice president now owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,877 shares of company stock worth $1,559,205 over the last ninety days. Corporate insiders own 0.61% of the company's stock.
Institutional Trading of DTE Energy
Institutional investors have recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of DTE Energy in the 3rd quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy in the third quarter valued at about $35,000. Prospera Private Wealth LLC bought a new position in DTE Energy during the third quarter worth about $35,000. Versant Capital Management Inc grew its position in shares of DTE Energy by 890.0% during the 4th quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider's stock worth $36,000 after buying an additional 267 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of DTE Energy in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 76.06% of the company's stock.
DTE Energy Company Profile
(
Get Free Report)
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.
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