Insider Selling: Gerard M. Anderson Unloads 14,000 Shares of DTE Energy Stock (DTE)
DTE Energy (NYSE:DTE) CEO Gerard M. Anderson sold 14,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $77.16, for a total transaction of $1,080,240.00. Following the completion of the sale, the chief executive officer now directly owns 87,000 shares of the company’s stock, valued at approximately $6,712,920. The transaction was disclosed in a filing with the SEC, which is available at 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.33.
Shares of DTE Energy (NYSE:DTE) traded down 1.47% during mid-day trading on Tuesday, hitting $76.31. 776,539 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 $75.6 and its 200-day moving average is $74.76. The company has a market cap of $13.506 billion and a P/E ratio of 17.75.
DTE Energy (NYSE:DTE) last released its earnings data on Friday, July 25th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. Analysts expect that DTE Energy will post $4.41 EPS for the current fiscal year.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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