Is It Worthwhile For Investors To Follow These Insider Trades On DTE Energy Company (DTE)?


DTE Energy Company (NYSE:DTE) finished Wednesday with a subtraction of -$2.08 to close at $126.59, a downside of -1.62 percent. An average of 1,838,500 shares of common stock have been traded in the last five days. There was a fall of -$7.46 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 1,098,075 shares traded, while the 50-day average volume stands at 957,264.

DTE stock has decreased by -5.98% in the last month. The company shares reached their 1-month lowest point of $126.57 on 09/21/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $108.22 and a high of $140.23 in 52 weeks. It has reached a new high 23 times so far this year and achieved 5.90% or $7.05 in price. In spite of this, the price is down -9.73% from the 52-week high.

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Insider Transactions

31 days have passed since DTE Energy Company (DTE) last reported insider trading activity. Chavez JoAnn, who is Sr VP & Chief Legal Officer, most recently acquired $1,000 shares at $135.62 per share on Aug 22. In this transaction, the insider spent $135,620. Pres. & COO – DTE Gas Company, Harris Joi M., disposed of 1,800 shares at a price of $130.13 on Aug 02. The insider now owns more than $234,234 worth of shares. Prior to that, Executive Vice President Richard Robert A. went on to Sale 2,900 shares at $130.31 each on Aug 02. An amount of $377,899 was transacted.

Valuation Metrics

DTE Energy Company (DTE) has a trailing price-to-earnings (P/E) ratio of 31.16. The stock’s beta is 0.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, the price-to-book (PB) ratio at 2.85, and the price-to-cash flow ratio at 16.67.

The company has a payout ratio of 88.40%. The company’s most recent quarterly dividend payment was $0.8850 a share, without any change from last year. Its latest increase dividend $0.06 reported on Wednesday October 27 2021.

Financial Health

The quick ratio of DTE Energy Company for the three months ended June 29 was 0.50, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.82 and a total debt to equity ratio of 2.23 for the quarter ending June 29. Its gross profit as reported stood at $1.5 billion compared to revenue of $14.96 billion.

Earnings Surprise

For the three-month period that ended June 29, DTE Energy Company had $15.61 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $37.0 million in the quarter, while revenues were shrunk -383.78%. The analyst consensus anticipated DTE Energy Company’s latest quarter earnings to come in at $1.02 per share, but it turned out to be $0.88, a -13.70% surprise. For the quarter, EBITDA amounted to $557.0 million. Shareholders own equity worth $193.74 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at DTE Energy Company (DTE) price momentum. RSI 9-day as of the close on 21 September was 30.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.33%.

As of today, DTE’s price is $129.33 -5.57% or -$7.46 from its 5-day moving average. DTE is currently trading -5.45% lower than its 20-day SMA and -6.59% lower than its 100-day SMA. However, the stock’s current price level is +1.10% above the SMA50 and +13.14% above the SMA200.

The stochastic %K and %D were 12.09% and 14.18%, respectively, and the average true range (ATR) was 2.56. With the 14-day stochastic at 0.20% and the average true range at 2.43, the RSI (14) stands at 36.55%. The stock has reached -2.96 on the 9-day MACD Oscillator while the 14-day reading was at -3.44.

Analyst Ratings

Credit Suisse upgraded DTE Energy Company (NYSE: DTE) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for DTE Energy Company (DTE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DTE, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 others rate it as a “buy”.

What is DTE’s price target for the next 12 months?

Analysts predict a range of price targets between $130.00 and $149.00, with a median target of $141.50. Taking a look at these predictions, the average price target given by analysts for DTE Energy Company (DTE) stock is $140.84.


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