Insider Selling: DTE Energy (NYSE:DTE) Vice Chairman Sells $678,550.00 in Stock

DTE Energy Company (NYSE:DTE) Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

DTE Energy Trading Down 0.9%

Shares of DTE Energy stock opened at $135.88 on Friday. 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 Company has a 1 year low of $126.23 and a 1 year high of $155.74. The firm has a market cap of $28.27 billion, a PE ratio of 21.50, a PEG ratio of 2.96 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.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. Analysts expect that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on DTE shares. Weiss Ratings upgraded shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. TD Cowen assumed coverage on shares of DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective for the company. Truist Financial reduced their target price on shares of DTE Energy from $166.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Jefferies Financial Group set a $172.00 target price on shares of DTE Energy in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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

Institutional Trading of DTE Energy

A number of institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of DTE Energy by 15,158.5% in the second quarter. California State Teachers Retirement System now owns 36,841,390 shares of the utilities provider’s stock worth $5,613,523,000 after buying an additional 36,599,942 shares during the period. BlackRock Inc. bought a new stake in DTE Energy in the 2nd quarter worth $3,915,284,000. Jupiter Topco LLC bought a new stake in DTE Energy in the 2nd quarter worth $477,264,000. Bank of America Corp DE purchased a new position in shares of DTE Energy in the second quarter valued at about $417,001,000. Finally, Millennium Management LLC increased its position in shares of DTE Energy by 227.4% in the fourth quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after acquiring an additional 1,895,631 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

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.