Today it was reported that the Chairman & CEO of DTE Energy (NYSE: DTE), Gerard Anderson, exercised options to sell 10,000 DTE shares at $43.95 a share, for a total transaction value of $1.1M.
Following Gerard Anderson’s last DTE Sell transaction on May 09, 2018, the stock climbed by 10.8%. In addition to Gerard Anderson, 3 other DTE executives reported Sell trades in the last month.
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Based on DTE Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.73 billion and quarterly net profit of $360 million. In comparison, last year the company earned revenue of $2.82 billion and had a net profit of $177 million. DTE’s market cap is $19.99B and the company has a P/E ratio of 18.08. Currently, DTE Energy has an average volume of 305.9K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $112.50, reflecting a -2.0% downside.
The insider sentiment on DTE Energy has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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DTE Energy Co. is a diversified energy company, which engages in the business of providing electricity and natural gas sales, distribution and storage services throughout Michigan through its subsidiaries. It operates through the following segments: Electric, Gas, Non-Utility Operations, and Corporate & Other.
