DTE Energy Co. (NYSE: DTE) is -0.79% 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 $111.06 in the last trading session, with the day’s loss setting it -1.67%.
Currently trading at $109.39, the stock is 0.21% and 1.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -1.50% at the moment leaves the stock 2.89% off its SMA200. DTE registered 1.78% gain for a year compared to 6-month loss of 3.15%. The firm has a 50-day simple moving average (SMA 50) of $3.42 and a 200-day simple moving average (SMA200) of $11.00.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 4.80% gain in the last 1 month and extending the period to 3 months gives it a -0.48%, and is -2.90% down 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 1.68% over the week and 1.61% over the month.
DTE Energy Co. (DTE) has around 9950 employees, a market worth around $22.58B and $12.48B in sales. Current P/E ratio is 16.17 and Fwd P/E is 15.24. Profit margin for the company is 11.17%. Distance from 52-week low is 21.36% and -6.29% 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 $2.02 with sales reaching $3.6B over the same period.The EPS is expected to grow by 16.90% this year, but quarterly earnings will post 10.90% year-over-year. Quarterly sales are estimated to shrink -25.50% in year-over-year returns.
1,035 institutions hold shares in DTE Energy Co. (DTE), with institutional investors hold 77.34% of the company’s shares. The shares outstanding are 206.36M, and float is at 205.73M with Short Float at 1.38%. Institutions hold 77.08% 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
The most recent transaction is an insider sale by Richard Robert A., the company’s President & COO – DTE Gas. SEC filings show that Richard Robert A. sold 4,800 shares of the company’s common stock on Feb 27 ’24 at a price of $107.25 per share for a total of $0.51 million. Following the sale, the insider now owns 26118.0 shares.
DTE Energy Co. disclosed in a document filed with the SEC on Feb 23 ’24 that Harris Joi M. (President & COO) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $108.49 per share for $0.33 million. Following the transaction, the insider now directly holds 18961.0 shares of the DTE stock.
Still, SEC filings show that on Feb 22 ’24, Myrick Tracy J (Chief Accounting Officer) disposed off 600 shares at an average price of $107.04 for $64224.0. The insider now directly holds 3,462 shares of DTE Energy Co. (DTE).
