Lisa A. Muschong Sells 1,600 Shares of DTE Energy (NYSE:DTE) Stock

Key Points

• VP Lisa A. Muschong sold 1,600 shares of DTE Energy stock for a total of $224,848, reducing her ownership by 27.81%. Following the sale, she retains 4,153 shares valued at approximately $583,621.
• DTE Energy recently reported earnings of $1.36 per share, which was slightly below analysts' expectations of $1.37, despite a revenue of $2.91 billion exceeding predictions.
• The company announced a quarterly dividend of $1.09, which will be paid on October 15th, representing a 3.1% yield based on an annualized amount of $4.36.

DTE Energy Company (NYSE:DTE - Get Free Report) VP Lisa A. Muschong sold 1,600 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president owned 4,153 shares in the company, valued at $583,621.09. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

DTE Energy Price Performance

Shares of NYSE DTE traded up $1.6360 during trading on Wednesday, hitting $141.3660. 26,569 shares of the company were exchanged, compared to its average volume of 1,388,786. The company has a market cap of $29.35 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.73 and a beta of 0.42. DTE Energy Company has a 1 year low of $115.59 and a 1 year high of $141.54. The firm's fifty day moving average price is $135.56 and its 200 day moving average price is $133.96. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57.

DTE Energy (NYSE:DTE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.67 billion. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%. On average, sell-side analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. DTE Energy's payout ratio is presently 62.73%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DTE. Rockefeller Capital Management L.P. raised its stake in DTE Energy by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 27,391 shares of the utilities provider's stock valued at $3,306,000 after purchasing an additional 385 shares during the last quarter. Townsquare Capital LLC raised its stake in DTE Energy by 5.0% in the 4th quarter. Townsquare Capital LLC now owns 9,270 shares of the utilities provider's stock valued at $1,119,000 after purchasing an additional 439 shares during the last quarter. Mariner LLC raised its stake in DTE Energy by 16.7% in the 4th quarter. Mariner LLC now owns 48,256 shares of the utilities provider's stock valued at $5,827,000 after purchasing an additional 6,896 shares during the last quarter. Jump Financial LLC raised its stake in DTE Energy by 6.1% in the 4th quarter. Jump Financial LLC now owns 6,396 shares of the utilities provider's stock valued at $772,000 after purchasing an additional 370 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its stake in DTE Energy by 8.5% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,045 shares of the utilities provider's stock valued at $730,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DTE shares. Evercore ISI boosted their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Citigroup reiterated a "buy" rating and issued a $151.00 price objective (up from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Barclays boosted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.29.

About DTE Energy

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.