DTE Energy Company (NYSE:DTE) saw an upside of 0.70% to close Friday at $105.59 after adding $0.73 on the day. The 5-day average trading volume is 923,760 shares of the company’s common stock. It has gained $107.80 in the past week and touched a new high 1 time within the past 5 days. An average of 1,015,680 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,283,130.
DTE’s 1-month performance is -6.66% or -$3.72 on its low of $104.35 reached on 08/15/23. The company’s shares have touched a 52-week low of $100.64 and high of $136.63, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, DTE has lost -10.16% or -$11.94 and has reached a new high 4 times. However, the current price is down -22.72% from the 52-week high price.
Insider Transactions
DTE stock investors last saw insider trading activity on Aug 02.Chavez JoAnn (Sr VP & Chief Legal Officer) most recently sold 2,500 shares at $113.53 per share on Aug 02. This transaction cost the insider $283,825. VP, Corp Sec & Chief of Staff, Muschong Lisa A., sold 700 shares at a price of $110.41 on Jun 07. Then, on Jun 06, Chief Accounting Officer Myrick Tracy J sold 585 shares at a price of $109.98 per share. This transaction amounted to $64,338.
Valuation Metrics
DTE stock has a beta of 0.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.34 while the price-to-book (PB) in the most recent quarter is 2.08.
DTE Energy Company’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.77, while the total debt to equity was 1.89. The trailing 12-month EBITDA margin is 17.47% while for the period ending June 29, DTE Energy Company’s operating margin was 12.70%. The firm’s gross profit as reported stood at $1.75 billion against revenue of $19.23 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 81.59% to $201.0 million, while revenue of $445.0 million was -121.39% off the previous quarter. Analysts expected DTE to announce $0.93 per share in earnings in its latest quarter, but it posted $0.99, representing a 6.50% surprise. EBITDA for the quarter stood at more than $808.0 million. DTE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 32.44 billion, with total debt at $19.87 billion. Shareholders hold equity totaling $206.18 million.
Let’s look briefly at DTE Energy Company (DTE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 33.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.09%.
The stock’s 5-day moving average is $105.23, reflecting a -2.13% or -$2.30 change from its current price. DTE is currently trading -8.28% above its 20-day SMA, -0.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.09% and SMA200 by-5.82%.
Stochastic %K and %D was 6.83% and 4.20% and the average true range (ATR) pointed at 1.71. The RSI (14) points at 35.80%, while the 14-day stochastic is at 12.19% with the period’s ATR at 1.79. The stock’s 9-day MACD Oscillator is pointing at -1.35 and -2.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for DTE Energy Company (NYSE: DTE), UBS upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for DTE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DTE as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is DTE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $119.00 and a high of $144.00, with their median price target at $124.00. Looking at these predictions, the average price target given by analysts is for DTE Energy Company (DTE) stock is $125.67.
