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Follow on Google News | Insider Trading In Utility Industry dropped 15% In MayEnvironment regulation becomes the number one challenge of North American utility industry and insiders sold significant porportion of company their shares.Net buy ratio dropped significantly, from 46% to 31%, as well as number of net buyers.
By: Insiderslab.com Net buy ratio dropped significantly, from 46% to 31%, which are the 2nd consecutive declines in the last 2 months. Number of net sellers increased from 31 to 43 companies while number of net buyers shrank from 26 to 19. For more data and analysis about insider trading, please visit http://www.insiderslab.com/ DTE Energy Company. Meador David E, the executive vice president and CFO of DTE Energy, sold 2,850 company share at $51.44. The transaction had a total amount of $146,620 and reduced Meador’s total share holdings by 4%. On june 2nd, DTE announced it will partner up with Huntington Bank and Consumers Energy to invest $2.5 billion in Michigan businesses, boosting its product spending in the region by 20%. DTE’s stock hit a 4-week high of $52.58 per share and was closed at $ on June 8th Read (DTE) insider trading report at http://www.insiderslab.com/ CenterPoint Energy, Inc. Carroll Milton, director of CenterPoint Energy, sold 40,000 company share at $18.95 per share on May 20th. The total amount of this transaction reached $757,880 and it reduced Carroll’s shareholdings in the company by 22%. According to a recent report from Bank of America, CenterPoint expects to receive $1.85B of proceeds from the Texas Supreme Court decision. It was maintained a Buy rating and $21.00 price target by the bank. The stock had its 4-week high on June 2nd of $19.40 per share and was closed at $ on June 8th. Read (CNP) insider trading report at http://www.insiderslab.com/ Kinder Morgan Inc. Street James E, vice president of Kinder Morgan, purchased 72,800 company shares at $28.41 per share on June 23rd . The transaction which reached 2.07 million, boosted his total shareholdings in the company by 87%. In a research report published by Deutsche Bank on June 8th, it praised Kinder Morgan's recent performance. The bank gave Kinder a hold rating and price target of 30. The stock touched a 4-week high on June 7th at $29.95 per share and was closed at $ on June 8th. Read (KMI) insider trading report at http://www.insiderslab.com/ Report Editor: Tim Fang in Vancouver at tim@insiderslab.com # # # InsidersLab provides U.S. Insider Trading Research and Analysis to investors. We strive to aid investors, analysts, advisors and institutions in achieving optimal portfolio performance returns by providing more transparency in the insiders market. End
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