As of Thursday close, DTE Energy Company’s (NYSE:DTE) stock was down -$0.59, moving down -0.55 percent to $106.09. The average number of shares traded per day over the past five days has been 1,618,880 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.65 fall in that time frame. In the last twenty days, the average volume was 1,250,905, while in the previous 50 days, it was 1,097,714.
Since last month, DTE stock rose 1.07%. Shares of the company fell to $100.07 on 09/05/23, the lowest level in the past month. A 52-week high of $130.26 was reached on 01/11/23 after having rallying from a 52-week low of $100.07. Since the beginning of this year, DTE’s stock price has dropped by -9.73% or -$11.44, and marked a new high 4 times. However, the stock has declined by -18.56% since its 52-week high.
DTE stock investors should be aware that DTE Energy Company (DTE) stock had its last reported insider trading activity 51 days ago on Aug 02. Chavez JoAnn, the Sr VP & Chief Legal Officer of the company, disposed of 2,500 shares for $113.53 on Aug 02. It resulted in a $283,825 divestment by the insider. Muschong Lisa A. sold 700 shares at an average price of $110.41 on Jun 07. The insider now owns 5,455 shares following the transaction. On Jun 06, Chief Accounting Officer Myrick Tracy J sold 585 shares at $109.98 apiece. The transaction was valued at $64,338.
Valuation Metrics
Right now, DTE Energy Company (DTE) has a P/E ratio of about 16.52. The stock’s beta is 0.61. Besides these, the trailing price-to-sales (P/S) ratio of 1.35, the price-to-book (PB) ratio of 2.09.
The latest dividend of $0.9520 per share was paid out, which is -0.05% less than last year’s $0.9525. On Thursday June 22 2023, a $0.0005 dividend decrease was announced.
Financial Health
In the three months ended June 29, DTE Energy Company’s quick ratio stood at 0.60, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.77, and the total debt-to-equity ratio was 1.89. In the year ended June 29, EBITDA margin amounted to 17.47%, whereas operating margins totaled 12.70%. Based on annual data, DTE earned $1.75 billion in gross profit and brought in $19.23 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.80%. Return on equity (ROE) for the past 12 months was 12.80%.
In DTE Energy Company’s quarter-end financial report for June 29, it reported total debt of $18.54 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DTE’s revenue fell -83.46% to $3.78 billion during the quarter, while net income inched up to $2.68 billion. While analysts expected DTE Energy Company to report $0.93 quarterly earnings, the actual figure was $0.99 per share, beating the consensus estimate by 6.50%. During the quarter, the company generated $808.0 million in EBITDA. The liabilities of DTE Energy Company were 32.44 billion at the end of its most recent quarter ended June 29, and its total debt was $19.87 billion. The value of shareholders’ equity is $206.18 million.
Technical Picture
This quick technical analysis looks at DTE Energy Company’s (DTE) price momentum. With a historical volatility rate of 11.13%, the RSI 9-day stood at 56.84% on 21 September.
With respect to its five-day moving average, the current DTE Energy Company price is down by -0.61% percent or -$0.65. At present, DTE shares trade +0.78% above its 20-day simple moving average and -5.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.96% below its SMA50 and -7.80% below its SMA200.
Stochastic coefficient K was 81.87% and Stochastic coefficient D was 86.66%, while ATR was 1.53. Given the Stochastic reading of 77.28% for the 14-day period, the RSI (14) reading has been calculated as 52.30%. As of today, the MACD Oscillator reading stands at 0.53, while the 14-day reading stands at 2.00.
Analyst Ratings
Barclays launched its rating on DTE Energy Company (NYSE: DTE) to an Overweight in a note to investors on August 23, 2023. DTE Energy Company (DTE) has been rated Overweight by analysts. According to 0 brokerage firms, DTE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate DTE Energy Company stock as buy, with 12 recommending it as overweight.
With a median target price of $124.00, the current consensus forecast for the stock is $115.00 – $139.00. Based on these forecasts, analysts predict DTE Energy Company (DTE) will achieve an average price target of $124.57.
