Insider Selling: DTE Energy COO Unloads 10,000 Shares of Stock (DTE)
DTE Energy (NYSE:DTE) COO Steven E. Kurmas unloaded 10,000 shares of DTE Energy stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $77.36, for a total transaction of $773,600.00. Following the sale, the chief operating officer now directly owns 21,000 shares in the company, valued at approximately $1,624,560. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of DTE Energy (NYSE:DTE) traded down 0.57% on Friday, hitting $76.89. 820,280 shares of the company’s stock traded hands. DTE Energy has a 52-week low of $64.45 and a 52-week high of $79.45. The stock’s 50-day moving average is $75.5 and its 200-day moving average is $74.52. The company has a market cap of $13.609 billion and a price-to-earnings ratio of 17.72.
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. On average, analysts predict that DTE Energy will post $4.41 earnings per share 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average 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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