Insider Selling: DTE Energy COO Sells 20,000 Shares of Stock (DTE)
DTE Energy (NYSE:DTE) COO Steven E. Kurmas sold 20,000 shares of the stock on the open market in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.09, for a total transaction of $1,441,800.00. Following the transaction, the chief operating officer now directly owns 21,000 shares of the company’s stock, valued at approximately $1,513,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of DTE Energy (NYSE:DTE) traded up 0.15% during mid-day trading on Wednesday, hitting $71.94. The stock had a trading volume of 254,495 shares. DTE Energy has a 1-year low of $63.38 and a 1-year high of $73.32. The stock’s 50-day moving average is $67.93 and its 200-day moving average is $67.36. The company has a market cap of $12.740 billion and a P/E ratio of 19.10.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by $0.25. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that DTE Energy will post $4.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Thursday, March 13th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of DTE Energy in a research note on Tuesday, February 18th. They now have a $72.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of DTE Energy from $66.00 to $71.00 in a research note on Tuesday, February 18th. They now have an “equal weight” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of DTE Energy from $70.00 to $74.00 in a research note on Tuesday, February 18th. They now have a “neutral” rating on the stock. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $65.40.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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