Stock Traders Buy High Volume of DTE Energy Call Options (DTE)

DTE Energy Co (NYSE:DTE) was the recipient of unusually large options trading on Thursday. Stock investors bought 2,807 call options on the company. This represents an increase of approximately 2,679% compared to the average volume of 101 call options.

In other news, insider Trevor F. Lauer sold 1,700 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $122.44, for a total value of $208,148.00. Following the sale, the insider now owns 19,427 shares in the company, valued at $2,378,641.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Gerard M. Anderson sold 11,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $119.39, for a total value of $1,313,290.00. Following the completion of the sale, the chairman now owns 79,906 shares in the company, valued at approximately $9,539,977.34. The disclosure for this sale can be found here. Insiders sold 15,316 shares of company stock worth $1,834,835 in the last 90 days. Company insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DTE. Capital World Investors lifted its position in shares of DTE Energy by 17.0% in the third quarter. Capital World Investors now owns 16,272,144 shares of the utilities provider’s stock valued at $1,775,779,000 after acquiring an additional 2,367,000 shares in the last quarter. BlackRock Inc. lifted its position in shares of DTE Energy by 3.9% in the fourth quarter. BlackRock Inc. now owns 15,212,035 shares of the utilities provider’s stock valued at $1,677,888,000 after acquiring an additional 577,066 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of DTE Energy by 17.8% in the third quarter. Renaissance Technologies LLC now owns 2,969,900 shares of the utilities provider’s stock valued at $324,105,000 after acquiring an additional 447,750 shares in the last quarter. Morgan Stanley lifted its position in shares of DTE Energy by 69.7% in the third quarter. Morgan Stanley now owns 771,744 shares of the utilities provider’s stock valued at $84,221,000 after acquiring an additional 316,990 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in shares of DTE Energy by 1.6% in the third quarter. Vanguard Group Inc now owns 19,856,235 shares of the utilities provider’s stock valued at $2,166,911,000 after acquiring an additional 311,679 shares in the last quarter. Institutional investors and hedge funds own 70.95% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded DTE Energy from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Thursday, January 24th. ValuEngine downgraded DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Macquarie set a $123.00 price target on DTE Energy and gave the stock a “buy” rating in a research report on Saturday, February 9th. Credit Suisse Group increased their price target on DTE Energy from $110.00 to $113.00 and gave the stock an “underperform” rating in a research report on Monday, February 11th. Finally, Goldman Sachs Group began coverage on DTE Energy in a research report on Wednesday, January 16th. They set a “buy” rating and a $121.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $117.42.

NYSE DTE opened at $124.38 on Friday. The company has a market capitalization of $22.57 billion, a PE ratio of 19.74, a PEG ratio of 3.34 and a beta of 0.26. DTE Energy has a 1-year low of $94.25 and a 1-year high of $124.82. The company has a current ratio of 0.73, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, February 7th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.01). The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $2.35 billion. DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. During the same quarter last year, the business earned $1.26 EPS. On average, research analysts predict that DTE Energy will post 6.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 18th will be given a $0.945 dividend. The ex-dividend date is Friday, March 15th. This represents a $3.78 annualized dividend and a dividend yield of 3.04%. DTE Energy’s dividend payout ratio (DPR) is presently 60.00%.

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About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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