DTE Energy VP Naif A. Khouri Sells 1,000 Shares (DTE)
DTE Energy (NYSE:DTE) VP Naif A. Khouri unloaded 1,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $75.12, for a total value of $75,120.00. Following the transaction, the vice president now directly owns 13,763 shares in the company, valued at approximately $1,033,877. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.33.
Shares of DTE Energy (NYSE:DTE) opened at 76.36 on Monday. DTE Energy has a one year low of $64.45 and a one year high of $79.45. The stock has a 50-day moving average of $75.52 and a 200-day moving average of $74.23. The company has a market cap of $13.515 billion and a price-to-earnings ratio of 17.40.
DTE Energy (NYSE:DTE) last announced its earnings results on Friday, July 25th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that DTE Energy will post $4.41 earnings per share for the current fiscal year.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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