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| Pick Up This Cheap Energy Stock Even Lower Than Director Thomas DidBy Energy Stock Channel Staff, Monday, March 1, 10:47 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 24, DTE Energy Co's Director, David A. Thomas, invested $49,991.20 into 395 shares of DTE, for a cost per share of $126.56. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of DTE Energy Co (NYSE:DTE) and achieve a cost basis 6.4% cheaper than Thomas, with shares changing hands as low as $118.43 per share. DTE Energy Co shares are currently trading up about 1.3% on the day. The chart below shows the one year performance of DTE shares, versus its 200 day moving average:
Looking at the chart above, DTE's low point in its 52 week range is $71.21 per share, with $135.60 as the 52 week high point — that compares with a last trade of $119.51. By comparison, below is a table showing the prices at which DTE insider buying was recorded over the last six months:
The current annualized dividend paid by DTE Energy Co is $4.34/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/12/2021. Below is a long-term dividend history chart for DTE, which can be of good help in judging whether the most recent dividend with approx. 3.7% annualized yield is likely to continue.
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