filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
DTE Energy common stock is listed on the New York Stock Exchange, which is the principal market for such stock. The following table indicates the reported high and low sales prices of DTE Energy common stock on the Composite Tape of the New York Stock Exchange and dividends declared per share for each quarterly period during the past two years:
| Dividends Declared per Share | ||||||||||||||
| Year | Quarter | High | Low | |||||||||||
| 2017 | ||||||||||||||
| First | $ | 102.96 | $ | 96.56 | $ | 0.8250 | ||||||||
| Second | $ | 111.35 | $ | 100.97 | $ | 0.8250 | ||||||||
| Third | $ | 113.71 | $ | 104.19 | $ | 0.8250 | ||||||||
| Fourth | $ | 116.74 | $ | 106.21 | $ | 0.8825 | ||||||||
| 2016 | ||||||||||||||
| First | $ | 91.00 | $ | 78.01 | $ | 0.7300 | ||||||||
| Second | $ | 99.13 | $ | 84.77 | $ | 0.7300 | ||||||||
| Third | $ | 100.45 | $ | 90.61 | $ | 0.7700 | ||||||||
| Fourth | $ | 99.92 | $ | 89.66 | $ | 0.8250 |
At December 31, 2017, there were 179,386,967 shares of DTE Energy common stock outstanding. These shares were held by a total of 53,437 shareholders of record.
DTE Energy paid cash dividends on common stock of $592 million in 2017, $531 million in 2016, and $501 million in 2015. The amount of future dividends will depend on DTE Energy's earnings, cash flows, financial condition, and other factors that are periodically reviewed by the DTE Energy Board of Directors. Although there can be no assurances, DTE Energy anticipates paying dividends for the foreseeable future.
All of the 138,632,234 issued and outstanding shares of DTE Electric common stock, par value $10 per share, are owned by DTE Energy, and constitute 100% of the voting securities of DTE Electric. Therefore, no market exists for DTE Electric's common stock.
DTE Electric paid cash dividends on common stock of $432 million in 2017, $420 million in 2016, and $395 million in 2015.
For information on DTE Energy dividend restrictions, see Note 16 to the Consolidated Financial Statements in Item 8 of this Report, "Short-Term Credit Arrangements and Borrowings."
All of DTE Energy's equity compensation plans that provide for the annual awarding of stock-based compensation have been approved by shareholders. For additional detail, see Note 21 to the Consolidated Financial Statements in Item 8 of this Report, "Stock-Based Compensation."
See the following table for information as of December 31, 2017:
| Number of Securities to be Issued Upon Exercise of Outstanding Options | Weighted-Average Exercise Price of Outstanding Options | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans | |||||||
| Plans approved by shareholders | 105,994 | $ | 42.95 | 1,437,769 |
UNREGISTERED SALES OF DTE ENERGY EQUITY SECURITIES AND USE OF PROCEEDS
Purchases of DTE Energy Equity Securities by the Issuer and Affiliated Purchasers
The following table provides information about DTE Energy's purchases of equity securities that are registered by DTE Energy pursuant to Section 12 of the Exchange Act of 1934 for the quarter ended December 31, 2017:
| Number of Shares Purchased(a) | Average Price Paid per Share(a) | Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Average Price Paid per Share | Maximum Dollar Value that May Yet Be Purchased Under the Plans or Programs | |||||||||||
| 10/01/2017 — 10/31/2017 | 3,269 | $ | 99.19 | — | — | — | |||||||||
| 11/01/2017 — 11/30/2017 | — | $ | — | — | — | — | |||||||||
| 12/01/2017 — 12/31/2017 | 1,300 | $ | 89.46 | — | — | — | |||||||||
| Total | 4,569 | — |
| (a) | Represents shares of DTE Energy common stock withheld to satisfy income tax obligations upon the vesting of restricted stock based on the price in effect at the grant date. |
COMPARISON OF CUMULATIVE FIVE YEAR TOTAL RETURN
Total Return to DTE Energy Shareholders
(Includes reinvestment of dividends)
| Annual Return Percentage Year Ended December 31, | |||||||||||||||
| Company/Index | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||
| DTE Energy Company | 14.89 | 34.61 | (3.77 | ) | 26.93 | 14.59 | |||||||||
| S&P 500 Index | 32.39 | 13.69 | 1.38 | 11.95 | 21.82 | ||||||||||
| S&P 500 Multi-Utilities Index | 17.88 | 28.94 | (1.73 | ) | 18.56 | 12.09 |
| Indexed Returns Year Ended December 31, | ||||||||||||||||||
| Base Period | ||||||||||||||||||
| Company/Index | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||
| DTE Energy Company | 100 | 114.89 | 154.65 | 148.82 | 188.89 | 216.45 | ||||||||||||
| S&P 500 Index | 100 | 132.39 | 150.51 | 152.59 | 170.83 | 208.11 | ||||||||||||
| S&P 500 Multi-Utilities Index | 100 | 117.88 | 151.99 | 149.36 | 177.08 | 198.49 |
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