DTE Energy Co. (DTE) Looks Ready for Growth Despite -3.52% Change This Year

DTE Energy Co. (NYSE: DTE) is -3.52% lower on its value in year-to-date trading and has touched a low of $90.14 and a high of $116.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DTE stock was last observed hovering at around $104.41 in the last trading session, with the day’s gains setting it 1.97%.

Currently trading at $106.38, the stock is 1.41% and -1.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 1.89% at the moment leaves the stock -0.21% off its SMA200. DTE registered -5.02% loss for a year compared to 6-month gain of -1.40%. The firm has a 50-day simple moving average (SMA 50) of $3.37 and a 200-day simple moving average (SMA200) of $10.83.

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The stock witnessed a -1.52% loss in the last 1 month and extending the period to 3 months gives it a 8.00%, and is 2.37% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 1.91% over the month.

DTE Energy Co. (DTE) has around Mar 15 2024 employees, a market worth around $21.94B and $12.48B in sales. Current P/E ratio is 15.73 and Fwd P/E is 14.81. Profit margin for the company is 11.17%. Distance from 52-week low is 18.02% and -8.87% from its 52-week high. The company has generated returns on investments over the last 12 months (4.88%).

DTE Energy Co. quarterly earnings per share for the current quarter are estimated at $1.99 with sales reaching $4.18B over the same period.The EPS is expected to grow by 16.90% this year, but quarterly earnings will post 30.70% year-over-year. Quarterly sales are estimated to shrink -13.60% in year-over-year returns.

DTE Energy Co. (DTE) Top Institutional Holders

1,015 institutions hold shares in DTE Energy Co. (DTE), with institutional investors hold 77.15% of the company’s shares. The shares outstanding are 206.36M, and float is at 205.53M with Short Float at 1.15%. Institutions hold 76.89% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 25.95 million shares valued at $2.85 billion. The investor’s holdings represent 12.59% of the DTE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 19.18 million shares valued at $2.11 billion to account for 9.30% of the shares outstanding. The other top investors are Capital Research Global Investors which holds 17.44 million shares representing 8.46% and valued at over $1.92 billion, while State Street Corporation holds 4.98% of the shares totaling 10.28 million with a market value of $1.13 billion.

DTE Energy Co. (DTE) Insider Activity

A total of 0 insider transactions have happened at DTE Energy Co. (DTE) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Chavez JoAnn,the company’sSr VP & Chief Legal Officer. SEC filings show that Chavez JoAnn sold 2,500 shares of the company’s common stock on Aug 02 at a price of $113.53 per share for a total of $0.28 million. Following the sale, the insider now owns 12107.0 shares.

DTE Energy Co. disclosed in a document filed with the SEC on Jun 07 that Muschong Lisa A. (VP, Corp Sec & Chief of Staff) sold a total of 700 shares of the company’s common stock. The trade occurred on Jun 07 and was made at $110.41 per share for $77287.0. Following the transaction, the insider now directly holds 5455.0 shares of the DTE stock.

Still, SEC filings show that on Jun 06, Myrick Tracy J (Chief Accounting Officer) disposed off 585 shares at an average price of $109.98 for $64338.0. The insider now directly holds 992 shares of DTE Energy Co. (DTE).

DTE Energy Co. (DTE): Who are the competitors?

The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading -23.90% down over the past 12 months. Southern Co. (SO) that is 1.76% higher over the same period.