DTE Energy VP Sells $75,120 in Stock (DTE)
DTE Energy (NYSE:DTE) VP Naif A. Khouri sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $75.12, for a total transaction of $75,120.00. Following the transaction, the vice president now directly owns 13,763 shares of the company’s stock, valued at approximately $1,033,877. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DTE Energy (NYSE:DTE) traded up 0.93% on Thursday, hitting $75.83. The stock had a trading volume of 359,814 shares. DTE Energy has a 1-year low of $64.45 and a 1-year high of $79.45. The stock has a 50-day moving average of $75.62 and a 200-day moving average of $74.14. The company has a market cap of $13.421 billion and a price-to-earnings ratio of 17.22.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.01. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company posted $0.62 earnings per share. DTE Energy’s revenue was up 21.3% compared to the same quarter last year. Analysts expect that DTE Energy will post $4.39 EPS for the current fiscal year.
Separately, analysts at ISI Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $79.00 price target on the stock, up previously from $78.00. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. DTE Energy currently has a consensus rating of “Buy” and a consensus price target of $79.33.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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