Insider Selling: DTE Energy Insider Sells 7,480 Shares of Stock (DTE)
DTE Energy (NYSE:DTE) Insider Gerardo Norcia unloaded 7,480 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $77.42, for a total transaction of $579,101.60. Following the completion of the sale, the insider now directly owns 66,392 shares of the company’s stock, valued at approximately $5,140,069. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of DTE Energy (NYSE:DTE) traded down 1.47% during mid-day trading on Tuesday, hitting $76.31. 776,555 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 has a 50-day moving average of $75.6 and a 200-day moving average of $74.76. The company has a market cap of $13.506 billion and a price-to-earnings ratio of 17.75.
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 $4.41 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. DTE Energy currently has an average rating of “Buy” and an average target price of $79.33.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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