DTE Energy Co. (NYSE: DTE)’s stock price has decreased by -2.94 compared to its previous closing price of 109.87. However, the company has seen a -3.28% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-18 that We have narrowed our search to five low-beta utility stocks that are regular dividend payers. These are: AWK, ATO, GWRS, DTE, NI.
Is It Worth Investing in DTE Energy Co. (NYSE: DTE) Right Now?
The price-to-earnings ratio for DTE Energy Co. (NYSE: DTE) is above average at 15.77x. The 36-month beta value for DTE is also noteworthy at 0.66. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for DTE is 206.20M, and at present, short sellers hold a 1.67% of that float. The average trading volume of DTE on April 11, 2024 was 1.21M shares.
DTE’s Market Performance
DTE’s stock has seen a -3.28% decrease for the week, with a -5.59% drop in the past month and a -3.88% fall in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 1.67% for DTE Energy Co. The simple moving average for the last 20 days is -2.92% for DTE stock, with a simple moving average of 0.39% for the last 200 days.
Analysts’ Opinion of DTE
Many brokerage firms have already submitted their reports for DTE stocks, with Guggenheim repeating the rating for DTE by listing it as a “Neutral.” The predicted price for DTE in the upcoming period, according to Guggenheim is $111 based on the research report published on January 22, 2024 of the current year 2024.
DTE Trading at -1.57% from the 50-Day Moving Average
After a stumble in the market that brought DTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.64% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -3.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.70% upper at present.
During the last 5 trading sessions, DTE fell by -3.28%, which changed the moving average for the period of 200-days by -3.05% in comparison to the 20-day moving average, which settled at $109.63. In addition, DTE Energy Co. saw -3.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DTE starting from Richard Robert A., who sale 4,800 shares at the price of $107.25 back on Feb 27 ’24. After this action, Richard Robert A. now owns 26,118 shares of DTE Energy Co., valued at $514,810 using the latest closing price.
Harris Joi M., the President & COO of DTE Energy Co., sale 3,000 shares at $108.49 during a trade that took place back on Feb 23 ’24, which means that Harris Joi M. is holding 18,961 shares at $325,470 based on the most recent closing price.
Stock Fundamentals for DTE
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.34 for the gross margin
The net margin for DTE Energy Co. stands at 0.11. The total capital return value is set at 0.06. Equity return is now at value 13.00, with 3.19 for asset returns.
Based on DTE Energy Co. (DTE), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.9. The interest coverage ratio of the stock is 2.84.
Currently, EBITDA for the company is 3.96 billion with net debt to EBITDA at 5.24. When we switch over and look at the enterprise to sales, we see a ratio of 3.37. The receivables turnover for the company is 7.13for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In summary, DTE Energy Co. (DTE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
