Key Points
- DTE Energy VP Lisa Muschong sold 1,000 shares on May 14 at an average price of $143.72, totaling $143,720. After the sale, she still held 6,233 shares, a 13.83% reduction in her position.
- The company recently reported mixed quarterly results, with earnings of $1.95 per share falling short of expectations, while revenue of $5.14 billion came in above analyst estimates.
- DTE Energy continues to offer a sizable dividend, declaring a quarterly payout of $1.165 per share, or $4.66 annualized, for a dividend yield of about 3.3%.
DTE Energy Company (NYSE:DTE - Get Free Report) VP Lisa Muschong sold 1,000 shares of the business's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares of the company's stock, valued at approximately $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
DTE Energy Stock Performance
NYSE:DTE opened at $139.92 on Friday. The company has a fifty day simple moving average of $146.21 and a two-hundred day simple moving average of $139.33. The company has a market cap of $29.11 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 3.14 and a beta of 0.41. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $154.63.
DTE Energy (NYSE:DTE - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter last year, the firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.
DTE Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be paid a $1.165 dividend. The ex-dividend date is Monday, June 22nd. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. DTE Energy's payout ratio is 76.77%.
Institutional Investors Weigh In On DTE Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in DTE Energy in the fourth quarter valued at $25,000. Key Financial Inc purchased a new stake in DTE Energy in the first quarter valued at $29,000. Cloud Capital Management LLC purchased a new stake in DTE Energy in the third quarter valued at $28,000. Torren Management LLC purchased a new stake in DTE Energy in the fourth quarter valued at $26,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 181 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have commented on DTE. Wells Fargo & Company restated an "overweight" rating and issued a $160.00 price target on shares of DTE Energy in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price target on shares of DTE Energy from $160.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday. Truist Financial began coverage on shares of DTE Energy in a research note on Monday, April 20th. They issued a "buy" rating and a $165.00 price target for the company. Jefferies Financial Group restated a "buy" rating and issued a $170.00 price target on shares of DTE Energy in a research note on Wednesday, April 8th. Finally, Citigroup boosted their price target on shares of DTE Energy from $158.00 to $168.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $157.58.
View Our Latest Report on DTE Energy
DTE Energy Company Profile
(
Get Free Report)
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.
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