DTE Energy Co. (NYSE: DTE) is 12.59% higher on its value in year-to-date trading and has touched a low of $92.58 and a high of $131.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DTE stock was last observed hovering at around $123.93 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $124.14, the stock is -2.03% and -1.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.17% at the moment leaves the stock 7.80% off its SMA200. DTE registered 28.90% gain for a year compared to 6-month gain of 11.51%. The firm has a 50-day simple moving average (SMA 50) of $125.844 and a 200-day simple moving average (SMA200) of $115.15405.
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The stock witnessed a -3.54% loss in the last 1 month and extending the period to 3 months gives it a 0.62%, and is -4.50% 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 1.73% over the week and 1.39% over the month.
DTE Energy Co. (DTE) has around 9950 employees, a market worth around $25.71B and $12.14B in sales. Current P/E ratio is 16.81 and Fwd P/E is 17.23. Profit margin for the company is 12.58%. Distance from 52-week low is 34.09% and -5.72% from its 52-week high. The company has generated returns on investments over the last 12 months (4.74%).
The EPS is expected to grow by 17.57% this year
1096.0 institutions hold shares in DTE Energy Co. (DTE), with institutional investors hold 78.01% of the company’s shares. The shares outstanding are 207.10M, and float is at 206.41M with Short Float at 1.27%. Institutions hold 77.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.49 million shares valued at $2.83 billion. The investor’s holdings represent 12.3728 of the DTE Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 21.67 million shares valued at $2.41 billion to account for 10.5182 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 16.89 million shares representing 8.2008 and valued at over $1.88 billion, while STATE STREET CORP holds 4.6267 of the shares totaling 9.53 million with a market value of $1.07 billion.
DTE Energy Co. (DTE) Insider Activity
The most recent transaction is an insider sale by Lauer Trevor F, the company’s Vice Chairman & Group Pres. SEC filings show that Lauer Trevor F sold 3,500 shares of the company’s common stock on Jun 05 ’24 at a price of $115.07 per share for a total of $0.4 million. Following the sale, the insider now owns 59475.0 shares.
DTE Energy Co. disclosed in a document filed with the SEC on Jun 03 ’24 that Muschong Lisa A. (VP, Corp Sec & Chief of Staff) sold a total of 1,198 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $116.61 per share for $0.14 million. Following the transaction, the insider now directly holds 4271.0 shares of the DTE stock.
Still, SEC filings show that on May 15 ’24, Stiers Mark W (Pres & COO-DTE Vantage & Trad.) disposed off 10,000 shares at an average price of $116.00 for $1.16 million. The insider now directly holds 41,921 shares of DTE Energy Co. (DTE).
