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DETROIT—Paul Matthew T., President and COO of DTE Electric Co., a subsidiary of DTE Energy Co. (NYSE:DTE), recently sold 3,801 shares of the company’s common stock. The shares were sold at a weighted average price of $129.56, bringing the total transaction value to approximately $492,457. The transaction comes as DTE trades near its 52-week high of $131.66, with the stock showing strong momentum, up about 26% over the past year. According to InvestingPro data, DTE maintains a "GOOD" overall financial health score.
Following this sale, Paul Matthew T. holds 6,951 shares indirectly through the Matthew T and Heather Paul Trust. Additionally, he directly owns 7,600 shares and holds 207.61 shares in a 401K plan.
The sale was executed on February 19, 2025, and was disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, DTE Energy reported its fourth-quarter 2024 earnings, revealing strong revenue growth that exceeded expectations, reaching $3.43 billion compared to the forecasted $3.17 billion. Despite this, the company’s earnings per share (EPS) of $1.51 fell short of the anticipated $1.57. The earnings call highlighted DTE Energy’s ongoing investments in renewable energy and grid reliability, with significant capital allocated towards these initiatives over the next five years. Barclays (LON:BARC) recently downgraded DTE Energy from Overweight to Equal Weight, citing concerns over long-term earnings quality and balance sheet management. Meanwhile, BMO Capital maintained its Market Perform rating but raised the price target to $135, reflecting optimism in DTE Energy’s growth potential. Additionally, DTE Energy has set new executive compensation metrics tied to financial and operational performance, aiming to align executive interests with shareholder value. These developments underscore the company’s strategic focus on growth and operational excellence amid evolving market conditions.
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